Tracsis (LON:TRCS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Tracsis plc (LON:TRCSGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 323.82 and traded as high as GBX 330. Tracsis shares last traded at GBX 327, with a volume of 77,201 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 550 price target on shares of Tracsis in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 550.

Read Our Latest Research Report on TRCS

Tracsis Trading Up 12.0%

The firm has a market cap of £108.39 million, a PE ratio of 113.40 and a beta of 0.63. The company’s fifty day moving average price is GBX 332.44 and its two-hundred day moving average price is GBX 323.93. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 6.14.

Tracsis (LON:TRCSGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported GBX 10.42 earnings per share (EPS) for the quarter. The firm had revenue of GBX 3,893 million during the quarter. Tracsis had a net margin of 1.16% and a return on equity of 1.51%. As a group, sell-side analysts forecast that Tracsis plc will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Company Profile

(Get Free Report)

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.

Further Reading

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