accesso Technology Group (LON:ACSO) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Accesso Technology Group's shares fell below their 200-day moving average of GBX 458.67 ($6.12) during trading, closing at GBX 434 ($5.79).
• Analysts have mixed ratings on the stock, with Deutsche Bank lowering its price target from GBX 700 to GBX 575 but maintaining a buy rating, while Berenberg Bank also issued a buy rating with a target of GBX 550.
• The company's market cap stands at £168.44 million, and it reports a high P/E ratio of 1,979.84, indicating a potential challenge in valuation relative to earnings.

accesso Technology Group plc (LON:ACSO - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 458.67 ($6.12) and traded as low as GBX 434 ($5.79). accesso Technology Group shares last traded at GBX 434 ($5.79), with a volume of 398,634 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACSO shares. Shore Capital reiterated a "hold" rating on shares of accesso Technology Group in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of accesso Technology Group from GBX 700 to GBX 575 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 550 price target on shares of accesso Technology Group in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, accesso Technology Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 562.50.

accesso Technology Group Trading Down 0.5%

The firm's 50-day moving average price is GBX 430.70 and its 200-day moving average price is GBX 458.67. The company has a quick ratio of 2.62, a current ratio of 1.80 and a debt-to-equity ratio of 11.53. The company has a market cap of £168.44 million, a P/E ratio of 1,979.84, a price-to-earnings-growth 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

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