Accsys Technologies (LON:AXS) Trading Up 10.3% - Here's What Happened

Accsys Technologies PLC (LON:AXS - Get Free Report)'s share price rose 10.3% on Tuesday . The company traded as high as GBX 43 ($0.54) and last traded at GBX 43 ($0.54). Approximately 217,432 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 140,744 shares. The stock had previously closed at GBX 39 ($0.49).

Accsys Technologies Stock Performance

The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59. The stock has a market cap of £129.72 million, a PE ratio of -7.18 and a beta of 1.32. The stock has a 50-day simple moving average of GBX 43.73 and a 200-day simple moving average of GBX 47.52.

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.