accesso Technology Group (LON:ACSO) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of accesso Technology Group plc (LON:ACSO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 439.70 and traded as low as GBX 326.36. accesso Technology Group shares last traded at GBX 328, with a volume of 230,129 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on ACSO. Berenberg Bank reissued a “buy” rating and set a GBX 550 target price on shares of accesso Technology Group in a research note on Tuesday, September 9th. Shore Capital reiterated a “hold” rating on shares of accesso Technology Group in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 562.50.

accesso Technology Group Stock Performance

The stock has a market capitalization of £126.20 million, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. The stock has a fifty day moving average of GBX 389.30 and a 200-day moving average of GBX 439.70. The company has a quick ratio of 2.62, a current ratio of 1.80 and a debt-to-equity ratio of 11.53.

Insider Activity

In related news, insider Brian Nelson acquired 50,000 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of GBX 348 per share, with a total value of £174,000. Insiders own 16.02% of the company’s stock.

About accesso Technology Group

At accesso we believe technology has the power to redefine the guest experience. We provide solutions that empower our clients to create connected guest experiences to drive their business forward