Tecsys (TSE:TCS) Reaches New 12-Month Low – What’s Next?

Tecsys Inc. (TSE:TCS) hit a new 52-week low on Tuesday . The company traded as low as C$29.67 and last traded at C$29.24, with a volume of 9587 shares traded. The stock had previously closed at C$29.89.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$38.00 price target on Tecsys and gave the stock a “sector perform” rating in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$45.00.

Tecsys Stock Down 2.9%

The firm has a 50-day moving average price of C$33.04 and a two-hundred day moving average price of C$35.07. The company has a market capitalization of C$427.84 million, a price-to-earnings ratio of 80.58 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40.

Tecsys (TSE:TCS) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$48.64 million during the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. As a group, sell-side analysts anticipate that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.

Insider Transactions at Tecsys

In related news, insider Briarwood Capital Partners Lp bought 39,400 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of C$34.25 per share, with a total value of C$1,349,450.00. Following the completion of the transaction, the insider owned 1,702,565 shares in the company, valued at C$58,312,851.25. The trade was a 2.37% increase in their ownership of the stock. Also, Director David Brereton sold 800 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the transaction, the director directly owned 737,772 shares in the company, valued at C$24,147,277.56. This trade represents a 0.11% decrease in their position. Over the last 90 days, insiders have sold 2,100 shares of company stock valued at $67,521. Company insiders own 17.05% of the company’s stock.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.