Accsys Technologies (LON:AXS) Shares Climb 6.1% – Should You Buy?

Accsys Technologies PLC (LON:AXS) shares were up 6.1% on Tuesday. The stock traded as high as GBX 59.80 and last traded at GBX 59.40. 35,562 shares were traded during mid-day trading, a decline of 59% from the average session volume of 87,019 shares. The stock had previously closed at GBX 56.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on shares of Accsys Technologies from GBX 130 to GBX 120 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 110.

Accsys Technologies Stock Performance

The firm has a market capitalization of £146.31 million, a P/E ratio of 23.29 and a beta of 1.17. The stock has a 50-day moving average of GBX 60.35 and a 200 day moving average of GBX 66.41. The company has a debt-to-equity ratio of 56.42, a quick ratio of 0.59 and a current ratio of 2.25.

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.