Insider Buying: Tracsis (LON:TRCS) Insider Purchases £25,029.81 in Stock

Tracsis plc (LON:TRCS) insider David Frost bought 7,131 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of GBX 351 per share, for a total transaction of £25,029.81.

Tracsis Stock Performance

Shares of TRCS stock opened at GBX 325.50 on Thursday. Tracsis plc has a 52 week low of GBX 280 and a 52 week high of GBX 435. The company has a market capitalization of £96.93 million, a price-to-earnings ratio of 101.40 and a beta of 0.63. The company has a 50-day simple moving average of GBX 329.66 and a 200 day simple moving average of GBX 326.50. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.97 and a current ratio of 1.90.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 575.

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.