Accsys Technologies (LON:AXS) Shares Up 6.1% – Should You Buy?

Accsys Technologies PLC (LON:AXS) was up 6.1% during mid-day trading on Tuesday. The stock traded as high as GBX 59.80 and last traded at GBX 59.40. 35,562 shares traded hands during trading, a decline of 59% from the average daily volume of 87,019 shares. The stock had previously closed at GBX 56.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on shares of Accsys Technologies from GBX 130 to GBX 120 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 110.

Accsys Technologies Stock Up 6.1%

The firm’s 50-day moving average is GBX 60.35 and its two-hundred day moving average is GBX 66.41. The company has a debt-to-equity ratio of 56.42, a quick ratio of 0.59 and a current ratio of 2.25. The stock has a market cap of £146.31 million, a P/E ratio of 23.29 and a beta of 1.17.

About Accsys Technologies

Accsys Technologies PLC (Accsys) is transforming the global building materials sector as a market leader in sustainable, high-performance wood. With a purpose-driven commitment to “changing wood to change the world,” Accsys harnesses proprietary acetylation technology to turn fast-growing, certified timber into long-lasting, eco-friendly building materials. Its key flagship products, Accoya® solid wood and Tricoya® wood chips, are supported by 50-year warranties and recognised worldwide for exceptional durability, stability, and sustainability.