Accsys Technologies (LON:AXS) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Accsys Technologies PLC (LON:AXS) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 price objective on shares of Accsys Technologies in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 115.

Accsys Technologies Trading Down 1.0%

The stock has a market cap of £184.65 million, a PE ratio of 76.00 and a beta of 1.17. The business’s fifty day moving average is GBX 72.63 and its 200 day moving average is GBX 65.52. The company has a quick ratio of 0.59, a current ratio of 2.25 and a debt-to-equity ratio of 56.42.

Accsys Technologies Company Profile

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.