Tracsis plc (LON:TRCS) Insider Acquires 929 Shares

Tracsis plc (LON:TRCS) insider Ross Paterson acquired 929 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of GBX 860 ($10.80) per share, with a total value of £7,989.40 ($10,035.67).

Tracsis Trading Down 0.6 %

TRCS stock traded down GBX 5 ($0.06) during midday trading on Tuesday, hitting GBX 855 ($10.74). 35,011 shares of the company’s stock were exchanged, compared to its average volume of 41,872. Tracsis plc has a 1-year low of GBX 690 ($8.67) and a 1-year high of GBX 1,030 ($12.94). The company has a current ratio of 1.52, a quick ratio of 0.98 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of £258.21 million, a PE ratio of 3,909.09 and a beta of 0.73. The business has a 50-day simple moving average of GBX 889.97 and a two-hundred day simple moving average of GBX 863.36.

Tracsis Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be given a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.13%. The ex-dividend date is Thursday, May 9th. Tracsis’s payout ratio is 909.09%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,295 ($16.27) price target on shares of Tracsis in a research note on Wednesday, April 24th.

About Tracsis

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.