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

Accsys Technologies PLC (LON:AXSGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 72.31 and traded as high as GBX 77.60. Accsys Technologies shares last traded at GBX 76.80, with a volume of 23,414 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 130 price objective on shares of Accsys Technologies in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 115.

Read Our Latest Stock Analysis on AXS

Accsys Technologies Stock Performance

The company has a market cap of £186.59 million, a price-to-earnings ratio of 76.80 and a beta of 1.17. The company has a current ratio of 2.25, a quick ratio of 0.59 and a debt-to-equity ratio of 56.42. The business’s 50 day moving average price is GBX 72.31 and its 200-day moving average price is GBX 65.45.

About Accsys Technologies

(Get Free Report)

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.

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