Accsys Technologies (LON:AXS) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Accsys Technologies PLC (LON:AXS) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 49.49 ($0.62) and traded as low as GBX 43.70 ($0.55). Accsys Technologies shares last traded at GBX 44.30 ($0.55), with a volume of 13,049 shares changing hands.

Accsys Technologies Stock Performance

The company has a 50 day moving average price of GBX 45.84 and a 200-day moving average price of GBX 49.44. The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32. The company has a market cap of £106.42 million, a P/E ratio of -632.86 and a beta of 1.32.

Insider Activity

In other news, insider Louis Eperjesi acquired 21,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were bought at an average price of GBX 47 ($0.59) per share, with a total value of £9,870 ($12,320.56). Corporate insiders own 27.89% of the company’s stock.

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.