Accsys Technologies (LON:AXS) Trading 10.6% Higher – What’s Next?

Accsys Technologies PLC (LON:AXS)’s share price shot up 10.6% during mid-day trading on Tuesday . The company traded as high as GBX 48.90 ($0.61) and last traded at GBX 47.60 ($0.60). 304,069 shares were traded during mid-day trading, an increase of 398% from the average session volume of 61,055 shares. The stock had previously closed at GBX 43.05 ($0.54).

Accsys Technologies Stock Performance

The company has a market capitalization of £114.10 million, a price-to-earnings ratio of -617.77 and a beta of 1.32. The stock has a 50 day simple moving average of GBX 49.32 and a 200 day simple moving average of GBX 53.06. The company has a quick ratio of 0.59, a current ratio of 2.71 and a debt-to-equity ratio of 54.32.

Insiders Place Their Bets

In related news, insider Jelena Arsic van Os sold 53,991 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of GBX 51 ($0.64), for a total transaction of £27,535.41 ($34,583.53). 27.89% of the stock is currently owned by insiders.

About Accsys Technologies

Accsys Technologies PLC, together with its subsidiaries, engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally. It offers solid acetylated wood for use in windows, doors, shutters, decking, and cladding under the Accoya brand; and wood chips to manufacture panel products under the Tricoya brand.