Accsys Technologies (LON:AXS) Shares Down 11.7% – Should You Sell?

Accsys Technologies PLC (LON:AXS) shares were down 11.7% during trading on Monday . The company traded as low as GBX 62.55 and last traded at GBX 63.20. 454,540 shares changed hands during trading, an increase of 381% from the average daily volume of 94,520 shares. The stock had previously closed at GBX 71.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price on shares of Accsys Technologies in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 115.

Accsys Technologies Stock Performance

The firm’s fifty day moving average price is GBX 71.58 and its 200 day moving average price is GBX 69.67. The firm has a market cap of £155.67 million, a P/E ratio of 24.78 and a beta of 1.17. The company has a debt-to-equity ratio of 56.42, a quick ratio of 0.59 and a current ratio of 2.25.

Insider Transactions at Accsys Technologies

In other news, insider Jelena Arsic van Os sold 13,227 shares of Accsys Technologies stock in a transaction on Monday, July 20th. The stock was sold at an average price of GBX 73, for a total value of £9,655.71. Company insiders own 3.94% of the company’s stock.

Accsys Technologies Company Profile

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.