Acco Group (NASDAQ:ACCL) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Acco Group Holdings Limited (NASDAQ:ACCL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.64 and traded as high as $2.17. Acco Group shares last traded at $2.1050, with a volume of 30,825 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Acco Group from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Acco Group Price Performance

The company’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.64.

Acco Group (NASDAQ:ACCL) last released its quarterly earnings results on Tuesday, June 30th. The technology company reported $0.00 EPS for the quarter. The firm had revenue of $1.32 million for the quarter.

Hedge Funds Weigh In On Acco Group

An institutional investor recently bought a new stake in Acco Group stock. HRT Financial LP bought a new stake in Acco Group Holdings Limited (NASDAQ:ACCL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 11,540 shares of the technology company’s stock, valued at approximately $31,000. HRT Financial LP owned approximately 0.08% of Acco Group at the end of the most recent reporting period.

Acco Group Company Profile

Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations. The Company’s product lines include Pipeline Pilot, Accelrys Enterprise Research and Development (R & D) Platform; Computer Aided Design Modeling and Simulation Software; Enterprise Lab Notebook; Lab Execution Systems; Content Databases, and Data Management & Informatics Software. Its software and service solutions are used by its customers’ scientists, biologists, chemists and information technology professionals in order to aggregate, mine, integrate, analyze, simulate, manage and interactively report scientific data.