Tecsys Inc. (TSE:TCS – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$33.31 and traded as high as C$37.39. Tecsys shares last traded at C$36.59, with a volume of 4,071 shares changing hands.
Analyst Ratings Changes
A number of research firms have commented on TCS. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$40.00 to C$46.00 in a report on Wednesday, May 27th. Stifel Nicolaus cut Tecsys from a “buy” rating to a “hold” rating and decreased their price target for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce decreased their price target on Tecsys from C$50.00 to C$40.00 in a report on Thursday, March 5th. Finally, ATB Cormark Capital Markets raised Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price target on the stock in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$40.30.
Get Our Latest Stock Report on TCS
Tecsys Trading Down 0.9%
Tecsys (TSE:TCS – Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$48.50 million during the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%. Sell-side analysts forecast that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.
Tecsys Company Profile
Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.
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