Accsys Technologies (LON:AXS) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Accsys Technologies PLC (LON:AXS) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 61.94 and traded as high as GBX 63. Accsys Technologies shares last traded at GBX 62.60, with a volume of 51,618 shares.

Analyst Ratings Changes

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

Accsys Technologies Stock Up 0.6%

The firm has a market capitalization of £153.06 million, a price-to-earnings ratio of 63.00 and a beta of 1.32. The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59. The stock has a fifty day moving average of GBX 61.94 and a two-hundred day moving average of GBX 62.31.

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.