Accsys Technologies (LON:AXS) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Accsys Technologies PLC (LON:AXS) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 61.94 and traded as high as GBX 63. Accsys Technologies shares last traded at GBX 62.60, with a volume of 51,618 shares traded.

Wall Street Analyst Weigh In

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

Accsys Technologies Stock Performance

The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59. The stock has a 50-day simple moving average of GBX 61.94 and a 200-day simple moving average of GBX 62.31. The stock has a market cap of £153.06 million, a P/E ratio of 63.00 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.