Accsys Technologies (LON:AXS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Accsys Technologies PLC (LON:AXS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 59.25 and traded as low as GBX 58.40. Accsys Technologies shares last traded at GBX 58.40, with a volume of 10,886 shares.

Accsys Technologies Stock Down 1.2%

The company has a market cap of £141.48 million, a P/E ratio of -5.84 and a beta of 1.32. 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 business’s 50 day moving average price is GBX 63.39 and its 200-day moving average price is GBX 59.25.

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.