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

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.

Accsys Technologies PLC (LON:AXS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 61.49 ($0.84) and traded as high as GBX 63.67 ($0.87). Accsys Technologies shares last traded at GBX 63 ($0.86), with a volume of 16,636 shares traded.

Accsys Technologies Price Performance

The company has a market capitalization of £152.63 million, a price-to-earnings ratio of -630.00 and a beta of 1.32. The company has a quick ratio of 0.59, a current ratio of 2.71 and a debt-to-equity ratio of 54.32. The company has a 50 day simple moving average of GBX 61.41 and a 200 day simple moving average of GBX 54.23.

Insider Activity

In other Accsys Technologies news, insider Sameet Vohra sold 67,249 shares of the company's stock in a transaction dated 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 company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of GBX 61, for a total value of £166,890.51. Corporate insiders own 3.92% of the company's stock.

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.