accesso Technology Group (LON:ACSO) Hits New 52-Week Low – Here’s Why

Shares of accesso Technology Group plc (LON:ACSO) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 231 and last traded at GBX 245, with a volume of 26574 shares traded. The stock had previously closed at GBX 245.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACSO. Shore Capital Group restated a “buy” rating on shares of accesso Technology Group in a research note on Tuesday, March 31st. Berenberg Bank restated a “buy” rating and issued a GBX 550 target price on shares of accesso Technology Group in a research note on Monday, March 30th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 435 price objective on shares of accesso Technology Group in a research note on Monday, January 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 520.

accesso Technology Group Stock Performance

The company has a quick ratio of 2.62, a current ratio of 1.88 and a debt-to-equity ratio of 5.80. The stock’s 50 day moving average price is GBX 262 and its 200-day moving average price is GBX 317.40. The stock has a market capitalization of £79.19 million, a P/E ratio of 9.07, a P/E/G ratio of 1.22 and a beta of 0.58.

Insider Activity

In other news, insider Matthew Boyle sold 10,834 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of GBX 265, for a total transaction of £28,710.10. Corporate insiders own 36.50% of the company’s stock.

About accesso Technology Group

At accesso we believe technology has the power to redefine the guest experience. We provide solutions that empower our clients to create connected guest experiences to drive their business forward