Tecsys (TSE:TCS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Tecsys Inc. (TSE:TCS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.86 and traded as low as C$29.99. Tecsys shares last traded at C$30.57, with a volume of 17,109 shares changing hands.

Analyst Upgrades and Downgrades

TCS has been the subject of a number of research analyst reports. National Bank Financial upgraded 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 research report on Wednesday, May 27th. ATB Cormark Capital Markets upgraded Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 target price on the stock in a report on Friday, March 6th. Two 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 company currently has an average rating of “Moderate Buy” and an average target price of C$38.62.

Tecsys Stock Performance

The stock has a fifty day moving average price of C$35.37 and a two-hundred day moving average price of C$30.86. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40. The company has a market cap of C$449.33 million, a P/E ratio of 115.30 and a beta of 0.81.

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

Insider Activity

In other Tecsys news, Director David Brereton sold 1,000 shares of Tecsys stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$36.47, for a total transaction of C$36,470.00. Following the completion of the sale, the director owned 719,272 shares of the company’s stock, valued at C$26,231,849.84. This trade represents a 0.14% decrease in their position. Insiders have sold 2,300 shares of company stock valued at $83,419 over the last ninety days. 17.05% of the stock is owned by corporate insiders.

About Tecsys

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.