Berenberg Bank reiterated their buy rating on shares of Tracsis (LON:TRCS – Free Report) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a GBX 1,295 ($16.00) price objective on the stock.
Tracsis Stock Performance
Shares of Tracsis stock opened at GBX 830 ($10.25) on Wednesday. Tracsis has a 1 year low of GBX 690 ($8.52) and a 1 year high of GBX 1,030 ($12.72). The firm has a market cap of £250.66 million, a PE ratio of 3,772.73 and a beta of 0.73. The stock has a fifty day moving average price of GBX 893.17 and a 200-day moving average price of GBX 860.26. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.52 and a quick ratio of 0.98.
Tracsis Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, May 9th. Tracsis’s dividend payout ratio is presently 909.09%.
Insider Activity
About Tracsis
Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.
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