Tecsys (TSE:TCS) Given New C$29.00 Price Target at National Bankshares

Tecsys (TSE:TCS) had its price objective raised by National Bankshares from C$28.00 to C$29.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Tecsys Price Performance

TCS opened at C$28.02 on Thursday. Tecsys has a 1 year low of C$26.70 and a 1 year high of C$47.48. The company’s 50 day simple moving average is C$31.98 and its 200 day simple moving average is C$34.55. The stock has a market capitalization of C$413.24 million, a PE ratio of 77.83 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The company had revenue of C$48.64 million for the quarter. As a group, sell-side analysts expect that Tecsys will post 0.4600739 EPS for the current year.

Insider Transactions at Tecsys

In other Tecsys news, Director David Brereton sold 800 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the sale, the director directly owned 737,772 shares in the company, valued at C$24,147,277.56. This represents a 0.11% decrease in their ownership of the stock. Also, insider Briarwood Capital Partners Lp bought 39,400 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of C$34.25 per share, with a total value of C$1,349,450.00. Following the acquisition, the insider directly owned 1,702,565 shares in the company, valued at approximately C$58,312,851.25. This trade represents a 2.37% increase in their position. In the last three months, insiders have sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is owned by company insiders.

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.