Accsys Technologies (LON:AXS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Accsys Technologies PLC (LON:AXS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 47.74 ($0.60) and traded as low as GBX 39 ($0.49). Accsys Technologies shares last traded at GBX 39.10 ($0.49), with a volume of 36,689 shares.

Accsys Technologies Stock 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 stock has a market cap of £112.72 million, a price-to-earnings ratio of -6.24 and a beta of 1.32. The company has a 50 day simple moving average of GBX 43.94 and a 200 day simple moving average of GBX 47.72.

Insiders Place Their Bets

In other news, insider Louis Eperjesi purchased 21,000 shares of Accsys Technologies stock in a transaction dated Thursday, November 28th. The shares were bought at an average cost of GBX 47 ($0.59) per share, for a total transaction of £9,870 ($12,469.99). Insiders own 27.89% 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.