Insider Selling: Tecsys (TSE:TCS) Director Sells C$15,500.00 in Stock

Tecsys Inc. (TSE:TCS – Get Free Report) Director David Brereton sold 500 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$31.00, for a total transaction of C$15,500.00. Following the sale, the director owned 716,472 shares in the company, valued at C$22,210,632. This trade represents a 0.07% decrease in their ownership of the stock.

David Brereton also recently made the following trade(s):

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• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The stock was sold at an average price of C$36.47, for a total value of C$36,470.00.
• On Friday, June 12th, David Brereton sold 700 shares of Tecsys stock. The shares were sold at an average price of C$36.48, for a total value of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The shares were sold at an average price of C$35.50, for a total value of C$7,100.00.
• On Friday, June 5th, David Brereton sold 300 shares of Tecsys stock. The stock was sold at an average price of C$35.67, for a total value of C$10,701.00.
• On Friday, June 5th, David Brereton sold 100 shares of Tecsys stock. The shares were sold at an average price of C$36.12, for a total value of C$3,612.00.

Tecsys Price Performance

TCS stock traded up C$0.68 during trading hours on Monday, hitting C$31.81. 8,955 shares of the stock traded hands, compared to its average volume of 21,819. The stock has a 50-day simple moving average of C$35.37 and a 200 day simple moving average of C$30.85. The company has a market cap of C$459.15 million, a P/E ratio of 117.81 and a beta of 0.84. Tecsys Inc. has a one year low of C$22.51 and a one year high of C$40.23. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.49.

Tecsys (TSE:TCS – Get Free Report) last issued its quarterly earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. Equities analysts forecast that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$38.62.

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About Tecsys

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Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.

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