Accsys Technologies (LON:AXS) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Accsys Technologies PLC (LON:AXS - Get Free Report) crossed 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 Up 0.2 %

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

Insider Activity

In related 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 acquired at an average cost of GBX 47 ($0.59) per share, with a total value of £9,870 ($12,320.56). 27.89% of the stock is owned by 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.