Tracsis (LON:TRCS) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

Tracsis plc (LON:TRCS)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 328.14 and traded as high as GBX 340. Tracsis shares last traded at GBX 335, with a volume of 146,801 shares changing hands.

Analyst Ratings Changes

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

Tracsis Trading Up 0.3%

The company has a market capitalization of £100.15 million, a P/E ratio of 104.67 and a beta of 0.63. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97. The company has a fifty day simple moving average of GBX 329.27 and a two-hundred day simple moving average of GBX 328.14.

About Tracsis

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.