accesso Technology Group (LON:ACSO) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• accesso Technology Group shares fell below their 200-day moving average, trading at GBX 429 ($5.78) compared to the average of GBX 457.21 ($6.16).
• Analysts have mixed ratings on the stock, with a "buy" rating from Berenberg Bank and a price target reduction by Deutsche Bank from GBX 700 to GBX 575.
• The company has a market capitalization of £167.27 million and a high price-to-earnings ratio of 1,966.09, indicating potentially overvalued stock.

accesso Technology Group plc (LON:ACSO - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 457.21 ($6.16) and traded as low as GBX 421 ($5.68). accesso Technology Group shares last traded at GBX 429 ($5.78), with a volume of 26,323 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ACSO shares. Berenberg Bank restated a "buy" rating and set a GBX 550 price objective on shares of accesso Technology Group in a report on Tuesday, September 9th. Shore Capital restated a "hold" rating on shares of accesso Technology Group in a report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of accesso Technology Group from GBX 700 to GBX 575 and set a "buy" rating on the stock in a report on Friday, July 11th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, accesso Technology Group currently has an average rating of "Moderate Buy" and an average target price of GBX 562.50.

accesso Technology Group Stock Up 0.7%

The company has a current ratio of 1.80, a quick ratio of 2.62 and a debt-to-equity ratio of 11.53. The firm's 50 day simple moving average is GBX 429.64 and its 200-day simple moving average is GBX 457.21. The stock has a market capitalization of £167.27 million, a price-to-earnings ratio of 1,966.09, 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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