Tracsis (LON:TRCS) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Tracsis plc (LON:TRCS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 323.58 and traded as low as GBX 317. Tracsis shares last traded at GBX 320.50, with a volume of 41,186 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price target on shares of Tracsis in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 550.

Tracsis Price Performance

The business has a 50 day moving average of GBX 336.40 and a 200 day moving average of GBX 323.37. The company has a market cap of £97.30 million, a PE ratio of 101.81 and a beta of 0.61. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.98.

Tracsis (LON:TRCS) last announced its quarterly earnings results on Tuesday, April 28th. The company reported GBX 10.42 EPS for the quarter. The company had revenue of GBX 3,893 million during the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%. As a group, research analysts predict that Tracsis plc will post 38.5149202 EPS for the current year.

Tracsis Company Profile

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.