Accsys Technologies (LON:AXS) Shares Cross Above Fifty Day Moving Average – Should You Sell?

by · The Markets Daily

Accsys Technologies PLC (LON:AXS – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 61.69 and traded as high as GBX 63. Accsys Technologies shares last traded at GBX 61.67, with a volume of 51,803 shares changing hands.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 price objective on shares of Accsys Technologies in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Accsys Technologies has a consensus rating of “Buy” and an average target price of GBX 100.

Get Our Latest Stock Report on AXS

Accsys Technologies Price Performance

The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71. The company has a 50-day moving average of GBX 61.63 and a 200-day moving average of GBX 62.19. The stock has a market capitalization of £147.78 million, a price-to-earnings ratio of 61.00 and a beta of 1.32.

About Accsys Technologies

(Get Free Report)

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.

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