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

Key Points

• Shares of Accsys Technologies PLC have surpassed their 50-day moving average, indicating a potential upward trend, with stocks reaching a height of GBX 63.67 ($0.86).
• The company has a market capitalization of £149.72 million and a P/E ratio of -618.00, which suggests that it is currently unprofitable.
• Recent insider trading activity includes sales by Sameet Vohra and Jelena Arsic van Os, who sold over 340,000 shares combined at an average price of GBX 61.

Shares of Accsys Technologies PLC (LON:AXS - ) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 61.49 ($0.83) and traded as high as GBX 63.67 ($0.86). Accsys Technologies shares last traded at GBX 63 ($0.85), with a volume of 16,636 shares traded.

Accsys Technologies Stock Down 1.9%

The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32. The business has a 50-day moving average price of GBX 61.49 and a 200-day moving average price of GBX 53.65. The firm has a market cap of £149.72 million, a P/E ratio of -618.00 and a beta of 1.32.

Insiders Place Their Bets

In other news, insider Sameet Vohra sold 67,249 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 61, for a total transaction of £41,021.89. Also, insider Jelena Arsic van Os sold 273,591 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 61, for a total value of £166,890.51. 3.92% of the stock is currently owned by corporate insiders.

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.

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.