Accsys Technologies’ (AXS) “Buy” Rating Reiterated at Panmure Gordon

Panmure Gordon reissued their buy rating on shares of Accsys Technologies (LON:AXS) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a GBX 100 price objective on the stock.

Accsys Technologies Trading Up 2.0%

Shares of Accsys Technologies stock opened at GBX 66.80 on Tuesday. The company’s 50-day moving average price is GBX 62.95 and its 200-day moving average price is GBX 60.88. The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32. Accsys Technologies has a 12-month low of GBX 38 and a 12-month high of GBX 70. The company has a market cap of £161.83 million, a price-to-earnings ratio of -6.68 and a beta of 1.32.

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.