Accsys Technologies (LON:AXS) Stock Crosses Below 50-Day Moving Average – Here’s Why

Accsys Technologies PLC (LON:AXS) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 61.61 and traded as low as GBX 60.30. Accsys Technologies shares last traded at GBX 61.65, with a volume of 256,498 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon reissued a “buy” rating and issued a GBX 100 target price on shares of Accsys Technologies in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 100.

Accsys Technologies Stock Performance

The business’s fifty day simple moving average is GBX 61.61 and its 200-day simple moving average is GBX 62.28. The firm has a market cap of £146.57 million, a P/E ratio of 60.50 and a beta of 1.32. The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32.

About Accsys Technologies

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.