Accsys Technologies (LON:AXS) Stock Price Up 11% - Here's What Happened

Shares of Accsys Technologies PLC (LON:AXS - Get Free Report) were up 11% during trading on Tuesday . The company traded as high as GBX 54.20 ($0.73) and last traded at GBX 53.30 ($0.72). Approximately 288,862 shares were traded during trading, an increase of 204% from the average daily volume of 95,156 shares. The stock had previously closed at GBX 48 ($0.65).

Accsys Technologies Stock Up 3.4%

The stock has a market capitalization of £172.97 million, a P/E ratio of -9.57 and a beta of 1.32. The company's 50-day moving average price is GBX 46.34 and its 200 day moving average price is GBX 45.19. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71.

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.