Tecsys (TSE:TCS) Hits New 52-Week Low – Should You Sell?

Tecsys Inc. (TSE:TCS)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$27.75 and last traded at C$27.67, with a volume of 4632 shares trading hands. The stock had previously closed at C$27.02.

Analysts Set New Price Targets

Separately, National Bankshares upped their price objective on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$42.00.

Tecsys Stock Performance

The firm has a 50 day moving average price of C$31.83 and a 200-day moving average price of C$34.40. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The company has a market cap of C$404.83 million, a P/E ratio of 76.25 and a beta of 0.95.

Tecsys (TSE:TCS) last released its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 EPS for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The company had revenue of C$48.64 million for the quarter. On average, research analysts predict that Tecsys Inc. will post 0.4600739 EPS for the current year.

Insider Transactions at Tecsys

In related news, Director David Brereton sold 800 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the sale, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This represents a 0.11% decrease in their position. Also, insider Briarwood Capital Partners Lp purchased 39,400 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of C$34.25 per share, with a total value of C$1,349,450.00. Following the completion of the acquisition, the insider owned 1,702,565 shares of the company’s stock, valued at approximately C$58,312,851.25. The trade was a 2.37% increase in their ownership of the stock. Insiders sold 2,100 shares of company stock worth $67,521 over the last quarter. 17.05% of the stock is currently owned by corporate insiders.

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.