Accrol Group (LON:ACRL) Trading Up 7.8%

Accrol Group Holdings PLC (LON:ACRL) was up 7.8% during trading on Friday . The company traded as high as GBX 49.50 ($0.61) and last traded at GBX 48.50 ($0.60), approximately 316,449 shares changed hands during mid-day trading. An increase of 75% from the average daily volume of 181,292 shares. The stock had previously closed at GBX 45 ($0.55).

Separately, Liberum Capital restated a “strong-buy” rating on shares of Accrol Group in a research note on Wednesday, May 6th.

The company has a debt-to-equity ratio of 87.33, a current ratio of 0.95 and a quick ratio of 0.59. The company has a market capitalization of $93.72 million and a price-to-earnings ratio of -13.71. The business’s 50 day simple moving average is GBX 44.61 and its 200 day simple moving average is GBX 39.78.

About Accrol Group (LON:ACRL)

Accrol Group Holdings Plc engages in soft tissue paper converting business in the United Kingdom and Europe. It manufactures toilet papers, kitchen towels, and facial tissues, as well as away-from-home (AFH) paper products, such as centrefold towels, dispensers, hand towels, hygiene/couch rolls, industrial wipers, multi-flat toilet tissues, napkins, and system rolls to mainly discounters and grocery retailers, as well as various AFH customers.

Further Reading: What is meant by a buy rating?

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