Tecsys (TSE:TCS) Shares Pass Below 200-Day Moving Average – Should You Sell?

Tecsys Inc. (TSE:TCS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.72 and traded as low as C$23.97. Tecsys shares last traded at C$24.60, with a volume of 96,369 shares trading hands.

Analyst Ratings Changes

TCS has been the subject of several recent research reports. National Bank Financial increased their target price on shares of Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Tecsys has an average rating of “Moderate Buy” and an average price target of C$38.63.

Tecsys Trading Up 2.1%

The firm has a market capitalization of C$362.80 million, a price-to-earnings ratio of 68.33 and a beta of 0.80. The business’s 50 day moving average price is C$28.19 and its 200-day moving average price is C$32.72. 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 announced its quarterly earnings data 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 for the quarter. Tecsys had a return on equity of 3.78% and a net margin of 1.49%. Equities analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 800 shares of the stock in a transaction 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 completion of the transaction, the director owned 737,772 shares in the company, valued at approximately C$24,147,277.56. This represents a 0.11% decrease in their ownership of the stock. Insiders sold a total of 2,100 shares of company stock worth $67,521 over the last quarter. Corporate 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.