Accsys Technologies (LON:AXS) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Accsys Technologies PLC shares fell below their fifty-day moving average of GBX 63.49, trading as low as GBX 62.80 on Tuesday.
• The company has a market cap of £153.11 million and a price-to-earnings ratio of -632.00, indicating significant challenges in profitability.
• Accsys specializes in creating sustainable wood products using an acetylation process that enhances wood durability and reduces water absorption.

Accsys Technologies PLC (LON:AXS - ) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 63.49 ($0.85) and traded as low as GBX 62.80 ($0.84). Accsys Technologies shares last traded at GBX 62.80 ($0.84), with a volume of 64,496 shares.

Accsys Technologies Trading Up 0.6%

The company's 50 day moving average price is GBX 63.49 and its 200 day moving average price is GBX 57.28. The company has a market cap of £153.11 million, a price-to-earnings ratio of -632.00 and a beta of 1.32. 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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