Accsys Technologies (LON:AXS) Shares Pass Below 200 Day Moving Average - Here's What Happened

Accsys Technologies PLC (LON:AXS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 47.07 ($0.61) and traded as low as GBX 41.40 ($0.54). Accsys Technologies shares last traded at GBX 43 ($0.56), with a volume of 101,058 shares changing hands.

Accsys Technologies Price Performance

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 simple moving average is GBX 43.41 and its 200-day simple moving average is GBX 46.96. The stock has a market capitalization of £128.91 million, a price-to-earnings ratio of -7.13 and a beta of 1.32.

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.