Accsys Technologies (LON:AXS) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Accsys Technologies PLC (LON:AXS) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 62.07 and traded as high as GBX 64.40. Accsys Technologies shares last traded at GBX 63.20, with a volume of 101,695 shares.

Analyst Upgrades and Downgrades

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

Accsys Technologies Trading Up 1.1%

The stock has a market capitalization of £153.55 million, a price-to-earnings ratio of 63.20 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. The company has a fifty day moving average of GBX 62.07 and a two-hundred day moving average of GBX 62.43.

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.