Accsys Technologies (LON:AXS) Trading Down 11.7% – Here’s What Happened

Accsys Technologies PLC (LON:AXS) dropped 11.7% on Monday . The stock traded as low as GBX 62.55 and last traded at GBX 63.20. 454,540 shares traded hands during trading, an increase of 381% from the average daily volume of 94,520 shares. The stock had previously closed at GBX 71.60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on Accsys Technologies from GBX 130 to GBX 120 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Accsys Technologies currently has an average rating of “Buy” and an average target price of GBX 110.

Accsys Technologies Price Performance

The company has a current ratio of 2.25, a quick ratio of 0.59 and a debt-to-equity ratio of 56.42. The company has a market capitalization of £159.62 million, a PE ratio of 25.41 and a beta of 1.17. The stock’s 50-day moving average is GBX 71.16 and its two-hundred day moving average is GBX 69.71.

Insider Buying and Selling at Accsys Technologies

In related news, insider Jelena Arsic van Os sold 13,227 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 73, for a total transaction of £9,655.71. Insiders own 3.94% of the company’s stock.

Accsys Technologies Company Profile

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.