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

Key Points

• accesso shares fell below its 200-day moving average, trading as low as GBX 255.50 and last at GBX 264.50 versus the 200-day MA of GBX 308.63 on volume of 602,113 shares.
• Analysts remain bullish with four recent Buy/Add ratings and an average target price of GBX 520 (individual targets cited include GBX 435 and GBX 550).
• Key fundamentals: market cap £85.49M, P/E 9.8, PEG 1.22 and a high debt-to-equity of 6.14; insider Matthew Boyle sold 10,834 shares while insiders collectively own 36.50% of the company.

accesso Technology Group plc (LON:ACSO - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 308.63 and traded as low as GBX 255.50. accesso Technology Group shares last traded at GBX 264.50, with a volume of 602,113 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Peel Hunt reiterated an "add" rating and set a GBX 435 target price on shares of accesso Technology Group in a research note on Monday, January 5th. Shore Capital Group reiterated a "buy" rating on shares of accesso Technology Group in a research note on Tuesday, March 31st. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 550 target price on shares of accesso Technology Group in a research note on Monday, March 30th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 520.

accesso Technology Group Stock Performance

The stock has a 50 day simple moving average of GBX 259.62 and a 200 day simple moving average of GBX 308.63. The company has a current ratio of 1.91, a quick ratio of 2.62 and a debt-to-equity ratio of 6.14. The stock has a market cap of £85.49 million, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58.

Insider Buying and Selling

In other accesso Technology Group news, insider Matthew Boyle sold 10,834 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of GBX 265, for a total transaction of £28,710.10. 36.50% of the stock is currently owned by company insiders.

accesso Technology Group Company Profile

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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