Accsys Technologies (LON:AXS) Share Price Passes Above Fifty Day Moving Average - Here's Why

Accsys Technologies PLC (LON:AXS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 58.58 ($0.79) and traded as high as GBX 61.20 ($0.82). Accsys Technologies shares last traded at GBX 60 ($0.81), with a volume of 9,858 shares.

Accsys Technologies Price Performance

The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59. The stock has a market capitalization of £178.74 million, a P/E ratio of -9.89 and a beta of 1.32. The company's 50 day simple moving average is GBX 59.53 and its two-hundred day simple moving average is GBX 49.45.

Insider Activity

In other news, insider Jelena Arsic van Os sold 273,591 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of GBX 61 ($0.82), for a total transaction of £166,890.51 ($224,285.06). Also, insider Sameet Vohra sold 67,249 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of GBX 61 ($0.82), for a total transaction of £41,021.89 ($55,129.54). 27.89% 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.