accesso Technology Group (LON:ACSO) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Key Points

• accesso Technology Group's stock price has fallen below its 200-day moving average, trading at GBX 444 ($5.89) as of Wednesday.
• Analysts have mixed ratings for accesso Technology Group, with Deutsche Bank lowering its price target to GBX 575 ($7.62) while Berenberg Bank set a target of GBX 550 ($7.29).
• The company maintains a strong financial position with a quick ratio of 2.62 and a current ratio of 1.80, despite the recent slide in stock price.

Shares of accesso Technology Group plc (LON:ACSO - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 476.26 ($6.32) and traded as low as GBX 444 ($5.90). accesso Technology Group shares last traded at GBX 444 ($5.90), with a volume of 44,168 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Shore Capital cut shares of accesso Technology Group to a "hold" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft dropped their price target on accesso Technology Group from GBX 700 ($9.29) to GBX 575 ($7.64) and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Berenberg Bank dropped their target price on accesso Technology Group from GBX 775 ($10.29) to GBX 550 ($7.30) and set a "buy" rating on the stock in a research report on Friday, July 11th.

accesso Technology Group Trading Down 0.7%

The company has a debt-to-equity ratio of 11.53, a current ratio of 1.80 and a quick ratio of 2.62. The company's fifty day simple moving average is GBX 483.34 and its 200-day simple moving average is GBX 475.20. The firm has a market capitalization of £221.33 million, a PE ratio of 25.91, a P/E/G ratio of 1.22 and a beta of 1.41.

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