Accsys Technologies (LON:AXS) Share Price Passes Above 50 Day Moving Average - Here's Why

Accsys Technologies PLC (LON:AXS - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 55.41 ($0.75) and traded as high as GBX 65.40 ($0.89). Accsys Technologies shares last traded at GBX 64 ($0.87), with a volume of 558,880 shares traded.

Accsys Technologies Stock Performance

The firm has a market cap of £184.46 million, a price-to-earnings ratio of -10.21 and a beta of 1.32. The stock has a 50-day moving average of GBX 55.41 and a 200-day moving average of GBX 48.05. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71.

Accsys Technologies Company Profile

Accsys is a fast growing business with a purpose. We combine chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment. By doing so, we give the world a choice to build sustainably. We use fast growing, sustainably sourced timber to create long life wood products with properties that can compete with traditional non-sustainable building materials, such as tropical hardwoods, metal, plastic and concrete. Our acetylation process boosts the already naturally occurring acetyl content of wood and by doing so, reduces the ability of the wood to absorb water, rendering it more dimensionally stable and because it is no longer digestible, extremely durable. Our process is extremely efficient and locks carbon into a long-life product.

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