Tecsys (TSE:TCS) Stock Crosses Below 200-Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemTecsys Inc. (TSE:TCS – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.62 and traded as low as C$30.32. Tecsys shares last traded at C$31.00, with a volume of 6,455 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, August 6th. TD Securities upgraded Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Finally, TD set a C$39.00 price target on Tecsys and gave the company a “buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$38.70.
Get Our Latest Stock Analysis on TCS
Tecsys Trading Down 0.2%
The firm has a market cap of C$446.93 million, a PE ratio of 114.81 and a beta of 0.85. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40. The business has a 50-day moving average price of C$33.38 and a two-hundred day moving average price of C$31.62.
Tecsys (TSE:TCS – Get Free Report) last issued its quarterly earnings data on Monday, June 29th. The company reported C($0.02) EPS for the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. The business had revenue of C$50.05 million during the quarter. Analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current year.
Insider Activity
In related news, Director David Brereton sold 1,700 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00. Following the sale, the director owned 714,572 shares of the company’s stock, valued at approximately C$23,580,876. This represents a 0.24% decrease in their position. In the last three months, insiders sold 4,700 shares of company stock worth $161,819. Insiders own 17.05% of the company’s stock.
About Tecsys
Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.