Tracsis (LON:TRCS) Shares Pass Above 200 Day Moving Average – What’s Next?

Tracsis plc (LON:TRCSGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 323.11 and traded as high as GBX 330. Tracsis shares last traded at GBX 330, with a volume of 107,539 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on TRCS

Tracsis Price Performance

The business’s 50-day moving average price is GBX 336.88 and its 200 day moving average price is GBX 323.17. The company has a market capitalization of £95.69 million, a P/E ratio of 100.11 and a beta of 0.63. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 6.14.

Tracsis (LON:TRCSGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported GBX 10.42 earnings per share for the quarter. Tracsis had a net margin of 1.16% and a return on equity of 1.51%. The business had revenue of GBX 3,893 million for the quarter. Analysts anticipate that Tracsis plc will post 38.5149202 EPS for the current fiscal year.

About Tracsis

(Get Free Report)

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.

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