Tecsys (TSE:TCS) Share Price Passes Above 50 Day Moving Average of $27.85

Tecsys Inc. (TSE:TCS – Get Rating) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$27.85 and traded as high as C$28.67. Tecsys shares last traded at C$27.98, with a volume of 9,380 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TCS. Raymond James reduced their price objective on Tecsys from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, December 1st. Cormark upgraded shares of Tecsys from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$41.00 to C$43.00 in a research note on Friday, March 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$46.33.

Tecsys Stock Down 1.8 %

The company has a quick ratio of 1.40, a current ratio of 1.50 and a debt-to-equity ratio of 7.85. The stock has a 50 day moving average price of C$27.85 and a 200 day moving average price of C$28.67. The stock has a market capitalization of C$407.67 million, a price-to-earnings ratio of 87.44 and a beta of 0.54.

Tecsys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.07%. Tecsys’s payout ratio is currently 93.75%.

Tecsys Company Profile

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Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.