Accsys Technologies (LON:AXS) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Accsys Technologies PLC (LON:AXS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 49.94 ($0.61) and traded as low as GBX 44.78 ($0.54). Accsys Technologies shares last traded at GBX 45.14 ($0.55), with a volume of 80,828 shares trading hands.

Accsys Technologies Trading Down 1.1 %

The company has a quick ratio of 0.59, a current ratio of 2.71 and a debt-to-equity ratio of 54.32. The business’s 50 day simple moving average is GBX 46.15 and its 200 day simple moving average is GBX 49.84. The stock has a market cap of £106.90 million, a price-to-earnings ratio of -635.71 and a beta of 1.32.

Insider Buying and Selling

In other news, insider Louis Eperjesi acquired 21,000 shares of the stock in a transaction on Thursday, November 28th. The shares were purchased at an average price of GBX 47 ($0.57) per share, for a total transaction of £9,870 ($12,008.76). 27.89% of the stock is currently owned by corporate 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.