Ventum Financial Cuts Tecsys (TSE:TCS) Price Target to C$47.00

Tecsys (TSE:TCS) had its price objective reduced by Ventum Financial from C$52.00 to C$47.00 in a report issued on Monday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial lifted their price target on Tecsys from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Cormark upgraded Tecsys from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 19th.

Tecsys Trading Down 0.9%

Tecsys stock opened at C$38.30 on Monday. Tecsys has a 52 week low of C$34.16 and a 52 week high of C$47.51. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The stock has a market capitalization of C$564.70 million, a P/E ratio of 220.00 and a beta of 0.65. The stock has a 50-day simple moving average of C$41.55 and a 200 day simple moving average of C$42.64.

About Tecsys

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.