Tecsys (TSE:TCS) Stock Passes Below 200 Day Moving Average of $31.97

Shares of Tecsys Inc. (TSE:TCSGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$31.97 and traded as low as C$28.23. Tecsys shares last traded at C$28.65, with a volume of 2,603 shares trading hands.

Wall Street Analysts Forecast Growth

TCS has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Tecsys from C$54.00 to C$47.00 in a research note on Monday, July 4th. Stifel Nicolaus dropped their price target on shares of Tecsys from C$52.00 to C$48.00 in a research note on Monday, July 4th. National Bankshares dropped their price target on shares of Tecsys from C$55.00 to C$50.00 and set an “outperform” rating for the company in a research note on Monday, July 4th. Echelon Wealth Partners reaffirmed a “buy” rating and set a C$45.00 price target on shares of Tecsys in a research note on Friday, September 9th. Finally, Cormark lowered their target price on shares of Tecsys from C$47.50 to C$46.50 in a research note on Monday, September 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$47.75.

Tecsys Trading Down 0.3 %

The firm has a market capitalization of C$421.57 million and a PE ratio of 102.00. The firm’s fifty day moving average is C$34.16 and its two-hundred day moving average is C$31.95. The company has a debt-to-equity ratio of 20.40, a current ratio of 1.72 and a quick ratio of 1.52.

Tecsys (TSE:TCSGet Rating) last released its quarterly earnings results on Wednesday, June 29th. The company reported C$0.09 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.02. The firm had revenue of C$34.29 million for the quarter, compared to analysts’ expectations of C$35.95 million. On average, equities analysts predict that Tecsys Inc. will post 0.56 EPS for the current fiscal year.

Tecsys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 23rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, September 22nd. Tecsys’s dividend payout ratio (DPR) is presently 98.21%.

Tecsys Company Profile

(Get Rating)

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.

Further Reading

Receive News & Ratings for Tecsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecsys and related companies with MarketBeat.com's FREE daily email newsletter.