Accsys Technologies (LON:AXS) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Accsys Technologies PLC (LON:AXS) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 61.83 and traded as high as GBX 65. Accsys Technologies shares last traded at GBX 64.37, with a volume of 87,880 shares trading hands.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price target 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 MarketBeat.com, Accsys Technologies has a consensus rating of “Buy” and an average price target of GBX 100.

Accsys Technologies Price Performance

The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71. The business has a fifty day moving average of GBX 61.88 and a two-hundred day moving average of GBX 62.06. The firm has a market capitalization of £154.24 million, a price-to-earnings ratio of 63.67 and a beta of 1.32.

Accsys Technologies Company Profile

Accsys is a fast growing business with a purpose.

We combine chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment.

By doing so, we give the world a choice to build sustainably.

We use fast growing, sustainably sourced timber to create long life wood products with properties that can compete with traditional non-sustainable building materials, such as tropical hardwoods, metal, plastic and concrete.

Our acetylation process boosts the already naturally occurring acetyl content of wood and by doing so, reduces the ability of the wood to absorb water, rendering it more dimensionally stable and because it is no longer digestible, extremely durable.

Our process is extremely efficient and locks carbon into a long-life product.