Accsys Technologies (LON:AXS) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• Accsys Technologies shares surpassed their fifty-day moving average of GBX 62.50, reaching a high of GBX 69.60 during recent trading.
• The company has a market cap of £162.03 million and a high debt-to-equity ratio of 54.32, which may indicate significant leverage.
• Recent insider trading included sales by key insiders, with Sameet Vohra selling 67,249 shares for £41,021.89, highlighting potential insider confidence issues.

Accsys Technologies PLC (LON:AXS - ) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 62.50 ($0.84) and traded as high as GBX 69.60 ($0.93). Accsys Technologies shares last traded at GBX 66.88 ($0.90), with a volume of 84,881 shares changing hands.

Accsys Technologies Price Performance

The stock has a market cap of £162.03 million, a price-to-earnings ratio of -668.80 and a beta of 1.32. 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 fifty day simple moving average of GBX 62.50 and a 200-day simple moving average of GBX 55.45.

Insider Buying and Selling

In other Accsys Technologies news, insider Sameet Vohra sold 67,249 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 61, for a total value 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 shares were 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.

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