Acco Group (NASDAQ:ACCL) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Acco Group Holdings Limited (NASDAQ:ACCL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.69 and traded as high as $1.92. Acco Group shares last traded at $1.89, with a volume of 18,382 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Acco Group from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Acco Group currently has a consensus rating of “Sell”.

Acco Group Price Performance

The company’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $1.69.

Acco Group (NASDAQ:ACCL) last issued its earnings results on Tuesday, June 30th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $1.32 million for the quarter.

Institutional Trading of Acco Group

An institutional investor recently bought a new stake in Acco Group stock. HRT Financial LP purchased a new position in Acco Group Holdings Limited (NASDAQ:ACCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,540 shares of the technology company’s stock, valued at approximately $31,000. HRT Financial LP owned about 0.08% of Acco Group at the end of the most recent reporting period.

About Acco Group

Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations. The Company’s product lines include Pipeline Pilot, Accelrys Enterprise Research and Development (R & D) Platform; Computer Aided Design Modeling and Simulation Software; Enterprise Lab Notebook; Lab Execution Systems; Content Databases, and Data Management & Informatics Software. Its software and service solutions are used by its customers’ scientists, biologists, chemists and information technology professionals in order to aggregate, mine, integrate, analyze, simulate, manage and interactively report scientific data.