Accsys Technologies (LON:AXS) Trading Down 9.8% – What’s Next?

Accsys Technologies PLC (LON:AXS) was down 9.8% during trading on Thursday . The stock traded as low as GBX 39 ($0.49) and last traded at GBX 39.70 ($0.50). Approximately 1,675,753 shares were traded during trading, an increase of 1,125% from the average daily volume of 136,808 shares. The stock had previously closed at GBX 44 ($0.55).

Accsys Technologies Price Performance

The stock has a fifty day simple moving average of GBX 45.66 and a 200-day simple moving average of GBX 48.89. The company has a market capitalization of £93.93 million, a PE ratio of -558.57 and a beta of 1.32. The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32.

Insider Activity at Accsys Technologies

In other Accsys Technologies news, insider Louis Eperjesi bought 21,000 shares of the business’s stock in a transaction dated 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 ($12,339.04). 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.