Accsys Technologies (LON:AXS) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Accsys Technologies PLC (LON:AXS)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 61.69 and traded as high as GBX 63. Accsys Technologies shares last traded at GBX 61.67, with a volume of 51,803 shares traded.

Analyst Ratings Changes

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

Accsys Technologies Stock Performance

The firm’s fifty day moving average price is GBX 61.69 and its 200 day moving average price is GBX 62.21. The firm has a market cap of £149.73 million, a P/E ratio of 61.81 and a beta of 1.32. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71.

Accsys Technologies Company Profile

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.