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

Key Points

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Accsys Technologies PLC (LON:AXS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 61.18 ($0.83) and traded as high as GBX 61.60 ($0.83). Accsys Technologies shares last traded at GBX 60 ($0.81), with a volume of 37,941 shares trading hands.

Accsys Technologies Price Performance

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 firm's 50-day moving average is GBX 61.41 and its 200-day moving average is GBX 52.51. The company has a market cap of £151.05 million, a PE ratio of -623.48 and a beta of 1.32.

Insider Buying and Selling

In related news, insider Jelena Arsic van Os sold 273,591 shares of the company'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 £166,890.51. Also, 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. 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.