Tecsys (TSE:TCS) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.87 and traded as low as C$27.47. Tecsys shares last traded at C$27.48, with a volume of 6,658 shares traded.

Wall Street Analyst Weigh In

TCS has been the subject of several analyst reports. National Bank Financial boosted their price target on shares of Tecsys from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. ATB Cormark Capital Markets raised shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective on the stock in a report on Friday, March 6th. Stifel Nicolaus lowered shares of Tecsys from a “buy” rating to a “hold” rating and reduced their target price for the company from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$37.50.

Tecsys Stock Up 0.5%

The firm has a market cap of C$402.31 million, a price-to-earnings ratio of 68.70 and a beta of 0.78. The stock’s 50 day moving average is C$26.19 and its 200 day moving average is C$30.87. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68.

Tecsys (TSE:TCS) last released its earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The firm had revenue of C$48.50 million during the quarter. Analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current year.

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.