Tracsis (LON:TRCS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Tracsis plc (LON:TRCSGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 328.50 and traded as high as GBX 360. Tracsis shares last traded at GBX 351.76, with a volume of 101,874 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their target price on Tracsis from GBX 550 to GBX 575 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 575.

View Our Latest Research Report on Tracsis

Tracsis Trading Down 0.6%

The stock’s fifty day simple moving average is GBX 331.04 and its two-hundred day simple moving average is GBX 328.67. The firm has a market cap of £105.12 million, a PE ratio of 109.97 and a beta of 0.63. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 6.14.

Insider Activity at Tracsis

In related news, insider David Frost acquired 7,131 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 351 per share, for a total transaction of £25,029.81. Also, insider Andrew Kelly bought 7,132 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of GBX 351 per share, for a total transaction of £25,033.32. Corporate insiders own 15.83% of the company’s stock.

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.

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