accesso Technology Group (LON:ACSO) Shares Up 22% – Here’s Why

accesso Technology Group plc (LON:ACSO)’s share price shot up 22% during mid-day trading on Friday . The company traded as high as GBX 333.69 and last traded at GBX 319. 605,860 shares traded hands during mid-day trading, an increase of 483% from the average session volume of 103,954 shares. The stock had previously closed at GBX 261.50.

Wall Street Analyst Weigh In

ACSO has been the subject of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 550 target price on shares of accesso Technology Group in a research report on Monday, March 30th. Shore Capital Group reissued a “buy” rating on shares of accesso Technology Group in a research report on Tuesday, March 31st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, accesso Technology Group presently has a consensus rating of “Buy” and a consensus target price of GBX 520.

accesso Technology Group Stock Up 22.0%

The company’s fifty day moving average is GBX 261.72 and its 200-day moving average is GBX 282.12. The company has a market capitalization of £103.11 million, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.62 and a current ratio of 1.91.

About accesso Technology Group

At accesso we believe technology has the power to redefine the guest experience. We provide solutions that empower our clients to create connected guest experiences to drive their business forward