Tracsis (LON:TRCS) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Tracsis plc (LON:TRCS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 320.66 and traded as high as GBX 360. Tracsis shares last traded at GBX 357.20, with a volume of 45,270 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 550 price objective on shares of Tracsis in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 550.

Tracsis Trading Up 1.4%

The stock has a market capitalization of £107.18 million, a P/E ratio of 112.15 and a beta of 0.60. The stock has a 50-day moving average price of GBX 319.63 and a two-hundred day moving average price of GBX 320.90. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.98 and a current ratio of 1.90.

Tracsis (LON:TRCS) last issued its quarterly earnings data on Tuesday, April 28th. The company reported GBX 10.42 earnings per share for the quarter. The firm had revenue of GBX 3,893 million for the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%. On average, research analysts forecast that Tracsis plc will post 38.5149202 EPS for the current fiscal year.

About Tracsis

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.