Acco Group (NASDAQ:ACCL) Stock Passes Above 200 Day Moving Average – What’s Next?

Acco Group Holdings Limited (NASDAQ:ACCL) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.81 and traded as high as $2.74. Acco Group shares last traded at $2.82, with a volume of 3,930 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Acco Group from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Acco Group Stock Up 2.9%

The firm has a fifty day simple moving average of $2.40 and a 200-day simple moving average of $1.81.

Acco Group (NASDAQ:ACCL) last released its quarterly earnings data on Tuesday, June 30th. The technology company reported $0.00 earnings per share for the quarter. The business had revenue of $1.32 million for the quarter.

Hedge Funds Weigh In On Acco Group

An institutional investor recently bought a new stake in Acco Group stock. HRT Financial LP acquired a new position in shares of Acco Group Holdings Limited (NASDAQ:ACCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,540 shares of the technology company’s stock, valued at approximately $31,000. HRT Financial LP owned approximately 0.08% of Acco Group as of its most recent SEC filing.

About Acco Group

Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations. The Company’s product lines include Pipeline Pilot, Accelrys Enterprise Research and Development (R & D) Platform; Computer Aided Design Modeling and Simulation Software; Enterprise Lab Notebook; Lab Execution Systems; Content Databases, and Data Management & Informatics Software. Its software and service solutions are used by its customers’ scientists, biologists, chemists and information technology professionals in order to aggregate, mine, integrate, analyze, simulate, manage and interactively report scientific data.