Accsys Technologies (LON:AXS) Shares Up 6.1% – Time to Buy?

Accsys Technologies PLC (LON:AXS)’s stock price rose 6.1% on Tuesday. The stock traded as high as GBX 59.80 and last traded at GBX 59.40. 35,562 shares traded hands during trading, a decline of 59% from the average daily volume of 87,019 shares. The stock had previously closed at GBX 56.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on shares of Accsys Technologies from GBX 130 to GBX 120 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Accsys Technologies has a consensus rating of “Buy” and an average price target of GBX 110.

Accsys Technologies Trading Up 1.7%

The business has a 50-day moving average of GBX 60.15 and a 200 day moving average of GBX 66.38. The stock has a market cap of £146.81 million, a PE ratio of 23.37 and a beta of 1.17. The company has a debt-to-equity ratio of 56.42, a quick ratio of 0.59 and a current ratio of 2.25.

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.