Tecsys (TSE:TCS) Share Price Passes Below 200-Day Moving Average – What’s Next?

Tecsys Inc. (TSE:TCSGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$32.01 and traded as low as C$29.11. Tecsys shares last traded at C$29.20, with a volume of 1,276 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TCS shares. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. TD Securities raised Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. TD set a C$39.00 target price on shares of Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$38.70.

View Our Latest Analysis on TCS

Tecsys Trading Down 0.2%

The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The stock has a market capitalization of C$420.98 million, a P/E ratio of 108.15 and a beta of 0.84. The stock has a 50-day moving average price of C$32.30 and a two-hundred day moving average price of C$32.01.

Tecsys (TSE:TCSGet Free Report) last announced its quarterly earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. On average, research analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Insider Activity at Tecsys

In other news, Director David Brereton sold 1,700 shares of Tecsys stock in a transaction dated Friday, July 17th. The shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the sale, the director owned 714,572 shares of the company’s stock, valued at approximately C$23,580,876. The trade was a 0.24% decrease in their position. Over the last three months, insiders have sold 5,900 shares of company stock valued at $195,328. Company insiders own 17.05% of the company’s stock.

About Tecsys

(Get Free Report)

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.

Further Reading

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