Accsys Technologies (LON:AXS) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Accsys Technologies PLC (LON:AXS)’s share price 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.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 price target on shares of Accsys Technologies in a report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Accsys Technologies has a consensus rating of “Buy” and an average target price of GBX 115.

Accsys Technologies Price Performance

The firm has a market capitalization of £186.59 million, a P/E ratio of 76.80 and a beta of 1.17. The company has a quick ratio of 0.59, a current ratio of 2.25 and a debt-to-equity ratio of 56.42. The business’s 50 day moving average is GBX 72.31 and its 200-day moving average is GBX 65.45.

About Accsys Technologies

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.