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

accesso Technology Group logo with Computer and Technology background

Key Points

  • accesso Technology Group shares fell below their 200-day moving average, trading at GBX 414 ($5.60) with a low of GBX 405 ($5.48) during recent trading.
  • Analysts have revised their price targets for accesso Technology Group, with Deutsche Bank reducing it to GBX 575 and Berenberg Bank to GBX 550, both maintaining a buy rating.
  • The company's current financial metrics reveal a debt-to-equity ratio of 11.53 and a market capitalization of approximately £206.38 million, indicating its financial health amidst recent stock movements.
  • Want stock alerts on accesso Technology Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

accesso Technology Group plc (LON:ACSO - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 468 ($6.33) and traded as low as GBX 405 ($5.48). accesso Technology Group shares last traded at GBX 414 ($5.60), with a volume of 21,828 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on ACSO shares. Deutsche Bank Aktiengesellschaft cut their target price on accesso Technology Group from GBX 700 to GBX 575 and set a "buy" rating on the stock in a report on Friday, July 11th. Berenberg Bank decreased their price objective on shares of accesso Technology Group from GBX 775 to GBX 550 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Shore Capital reaffirmed a "hold" rating on shares of accesso Technology Group in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 562.50.

Get Our Latest Stock Report on accesso Technology Group

accesso Technology Group Trading Up 1.7%

The company has a debt-to-equity ratio of 11.53, a quick ratio of 2.62 and a current ratio of 1.80. The company has a market capitalization of £206.38 million, a P/E ratio of 24.16, a P/E/G ratio of 1.22 and a beta of 1.41. The company has a 50-day simple moving average of GBX 459.20 and a 200 day simple moving average of GBX 468.

About accesso Technology Group

(Get Free Report)

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

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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