Accsys Technologies (LON:AXS) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Accsys Technologies PLC (LON:AXS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 49.01 ($0.61) and traded as low as GBX 43.05 ($0.54). Accsys Technologies shares last traded at GBX 43.11 ($0.54), with a volume of 1,224 shares changing hands.

Accsys Technologies Stock Performance

The company has a market capitalization of £104.05 million, a PE ratio of -618.79 and a beta of 1.32. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71. The business’s 50-day moving average is GBX 45.81 and its 200-day moving average is GBX 49.01.

Insider Buying and Selling

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 cost of GBX 47 ($0.58) per share, with a total value of £9,870 ($12,279.17). 27.89% of the stock is currently owned by company insiders.

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.