Ventum Financial Issues Positive Forecast for Tecsys (TSE:TCS) Stock Price

Tecsys (TSE:TCS) had its price target increased by stock analysts at Ventum Financial from C$45.00 to C$52.00 in a report issued on Friday,BayStreet.CA reports. Ventum Financial’s price target indicates a potential upside of 19.07% from the company’s previous close.

Separately, Cormark cut shares of Tecsys from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 9th.

Tecsys Stock Up 0.1 %

Tecsys stock traded up C$0.03 during mid-day trading on Friday, reaching C$43.67. The stock had a trading volume of 7,700 shares, compared to its average volume of 8,908. Tecsys has a fifty-two week low of C$29.20 and a fifty-two week high of C$45.35. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.40 and a current ratio of 1.38. The stock’s 50-day simple moving average is C$42.06 and its 200-day simple moving average is C$39.68. The firm has a market capitalization of C$645.88 million, a PE ratio of 436.70 and a beta of 0.65.

Tecsys (TSE:TCS) last released its quarterly earnings results on Thursday, September 5th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.04). Tecsys had a return on equity of 2.08% and a net margin of 0.86%. The company had revenue of C$42.28 million during the quarter, compared to analysts’ expectations of C$44.89 million. On average, sell-side analysts forecast that Tecsys will post 0.4600739 EPS for the current fiscal year.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.