Accsys Technologies (LON:AXS) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Accsys Technologies PLC's stock price has surpassed its 50-day moving average, trading as high as GBX 64.60 ($0.88) and closing at GBX 64 ($0.87).
• Insider transactions included sales by Sameet Vohra and Jelena Arsic van Os, totaling £207,911 from the sale of over 340,000 shares.
• The company maintains a strong current ratio of 2.71 but has a high debt-to-equity ratio of 54.32.

Accsys Technologies PLC (LON:AXS - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 61.57 ($0.83) and traded as high as GBX 64.60 ($0.87). Accsys Technologies shares last traded at GBX 64 ($0.86), with a volume of 1,566 shares changing hands.

Accsys Technologies Trading Up 3.1%

The stock has a market cap of £161.35 million, a price-to-earnings ratio of -666.00 and a beta of 1.32. 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 company's fifty day moving average price is GBX 61.83 and its 200-day moving average price is GBX 54.91.

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 shares were 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 Accsys Technologies stock in a transaction dated Friday, July 11th. The stock was 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.

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.