Tecsys (TSE:TCS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCS) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$32.08 and traded as low as C$24.80. Tecsys shares last traded at C$25.25, with a volume of 12,712 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TCS. National Bank Financial lifted their target price on Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. Stifel Nicolaus cut Tecsys from a “buy” rating to a “hold” rating and cut their price target for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tecsys presently has a consensus rating of “Moderate Buy” and an average price target of C$38.63.

Tecsys Trading Up 1.8%

The company has a 50-day moving average of C$27.06 and a 200 day moving average of C$31.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.25 and a quick ratio of 1.40. The company has a market cap of C$383.60 million, a PE ratio of 72.25 and a beta of 0.80.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.50 million during the quarter. Tecsys had a return on equity of 8.05% and a net margin of 2.91%. Analysts predict that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 800 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the transaction, the director owned 737,772 shares in the company, valued at C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Insiders have sold a total of 2,100 shares of company stock worth $67,521 in the last quarter. 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.