accesso Technology Group (LON:ACSO) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Technical signal: accesso's shares fell below their 200‑day moving average (200‑day MA GBX 334.34), trading as low as GBX 241 and last at GBX 247 on volume of 65,969 shares.
• Analyst outlook: Despite the drop, four analysts rate the stock a Buy with an average price target of GBX 520 (Peel Hunt target GBX 435; Shore Capital recently upgraded to Buy).
• Fundamentals and insider activity: the company shows solid liquidity (quick ratio 2.62, current ratio 1.88), a market cap of £91.77m and P/E of 10.03, while insider Matthew Boyle sold 10,834 shares at GBX 265 and insiders own 36.5% of the stock.

accesso Technology Group plc (LON:ACSO - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 334.34 and traded as low as GBX 241. accesso Technology Group shares last traded at GBX 247, with a volume of 65,969 shares traded.

Wall Street Analysts Forecast Growth

ACSO has been the subject of a number of research reports. Shore Capital Group upgraded shares of accesso Technology Group to a "buy" rating in a report on Thursday, January 29th. Peel Hunt reiterated an "add" rating and set a GBX 435 target price on shares of accesso Technology Group in a report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 520.

accesso Technology Group Price Performance

The company has a quick ratio of 2.62, a current ratio of 1.88 and a debt-to-equity ratio of 5.80. The firm has a market capitalization of £91.77 million, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.22 and a beta of 0.58. The company has a fifty day moving average price of GBX 266.30 and a two-hundred day moving average price of GBX 334.34.

Insider Buying and Selling

In related news, insider Matthew Boyle sold 10,834 shares of the company's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of GBX 265, for a total value 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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