Acco Group (NASDAQ:ACCL) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Acco Group Holdings Limited (NASDAQ:ACCL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.73 and traded as high as $1.76. Acco Group shares last traded at $1.74, with a volume of 2,754 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Acco Group in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Acco Group Stock Down 0.6%

The company has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $1.73.

Acco Group (NASDAQ:ACCL) last announced its quarterly 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.

Hedge Funds Weigh In On Acco Group

An institutional investor recently bought a new stake in Acco Group stock. HRT Financial LP bought a new stake in shares of Acco Group Holdings Limited (NASDAQ:ACCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,540 shares of the technology company’s stock, valued at approximately $31,000. HRT Financial LP owned approximately 0.08% of Acco Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Acco Group Company Profile

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.