accesso Technology Group (LON:ACSO) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• accesso Technology Group shares have surpassed their 50-day moving average, trading at GBX 435 ($5.94) after reaching a peak of GBX 440 ($6.01).
• Recent analyst reports indicate a mixed outlook, with Berenberg Bank setting a target price of GBX 550 while Deutsche Bank has lowered its target to GBX 575.
• The company maintains a market capitalization of £168.83 million and is currently rated as a "Moderate Buy" by analysts, with a consensus target price of GBX 562.50.

accesso Technology Group plc (LON:ACSO - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 430.74 ($5.80) and traded as high as GBX 440 ($5.93). accesso Technology Group shares last traded at GBX 435 ($5.86), with a volume of 33,398 shares traded.

Wall Street Analysts Forecast Growth

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

accesso Technology Group Stock Performance

The company has a market cap of £170.78 million, a price-to-earnings ratio of 2,007.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. 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 stock's fifty day simple moving average is GBX 429.50 and its two-hundred day simple moving average is GBX 459.38.

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