Tracsis (LON:TRCS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Tracsis plc (LON:TRCSGet Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 320.56 and traded as high as GBX 355. Tracsis shares last traded at GBX 353.02, with a volume of 178,693 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 price target on shares of Tracsis in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Tracsis currently has an average rating of “Buy” and an average target price of GBX 550.

Get Our Latest Stock Analysis on TRCS

Tracsis Price Performance

The business’s 50-day moving average price is GBX 322.60 and its 200 day moving average price is GBX 320.56. The stock has a market capitalization of £107.03 million, a PE ratio of 111.99 and a beta of 0.60. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.98 and a current ratio of 1.90.

Tracsis (LON:TRCSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported GBX 10.42 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%. Research analysts forecast that Tracsis plc will post 38.5149202 earnings per share for the current year.

About Tracsis

(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.

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