Accsys Technologies (LON:AXS) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Accsys Technologies stock price exceeded its 50-day moving average of GBX 61.53, reaching GBX 64 ($0.86) during trading.
• The company's market capitalization stands at £153.50 million, with a PE ratio of -633.60 and a debt-to-equity ratio of 54.32.
• Insiders sold a combined total of 340,840 shares on July 11th, indicating some selling activity among those close to the company.

Accsys Technologies PLC (LON:AXS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 61.53 ($0.83) and traded as high as GBX 64 ($0.86). Accsys Technologies shares last traded at GBX 64 ($0.86), with a volume of 65,962 shares traded.

Accsys Technologies Stock Performance

The stock's 50-day simple moving average is GBX 61.53 and its 200-day simple moving average is GBX 53.16. 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 stock has a market cap of £157.47 million, a price-to-earnings ratio of -650.00 and a beta of 1.32.

Insider Buying and Selling

In other news, insider Jelena Arsic van Os sold 273,591 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of GBX 61, for a total transaction of £166,890.51. Also, insider Sameet Vohra sold 67,249 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of GBX 61, for a total transaction of £41,021.89. Corporate insiders own 3.92% of the company's stock.

About Accsys Technologies

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.