Accsys Technologies (LON:AXS) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Accsys Technologies PLC (LON:AXS) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 62 and traded as high as GBX 63.63. Accsys Technologies shares last traded at GBX 62.80, with a volume of 35,290 shares traded.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 price target on shares of Accsys Technologies in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Accsys Technologies presently has a consensus rating of “Buy” and an average target price of GBX 100.

Accsys Technologies Stock Down 0.2%

The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32. The business’s fifty day moving average price is GBX 62 and its two-hundred day moving average price is GBX 62.36. The firm has a market cap of £154.65 million, a P/E ratio of 63.66 and a beta of 1.32.

About Accsys Technologies

Accsys Technologies PLC (Accsys) is transforming the global building materials sector as a market leader in sustainable, high-performance wood. With a purpose-driven commitment to “changing wood to change the world,” Accsys harnesses proprietary acetylation technology to turn fast-growing, certified timber into long-lasting, eco-friendly building materials. Its key flagship products, Accoya® solid wood and Tricoya® wood chips, are supported by 50-year warranties and recognised worldwide for exceptional durability, stability, and sustainability.