Tecsys (TSE:TCS) Sets New 1-Year Low After Analyst Downgrade

Tecsys Inc. (TSE:TCS)’s share price hit a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus downgraded the stock from a buy rating to a hold rating. Stifel Nicolaus now has a C$28.50 price target on the stock, down from their previous price target of C$48.00. Tecsys traded as low as C$23.31 and last traded at C$23.45, with a volume of 24718 shares. The stock had previously closed at C$24.01.

Separately, National Bank Financial increased their price objective on Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tecsys has an average rating of “Moderate Buy” and an average target price of C$38.63.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 800 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the transaction, the director owned 737,772 shares in the company, valued at approximately C$24,147,277.56. This trade represents a 0.11% decrease in their position. Over the last three months, insiders have sold 2,100 shares of company stock worth $67,521. Corporate insiders own 17.05% of the company’s stock.

Tecsys Stock Down 3.3%

The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The stock’s 50 day simple moving average is C$29.29 and its 200 day simple moving average is C$33.29. The firm has a market cap of C$342.45 million, a P/E ratio of 64.50 and a beta of 0.80.

Tecsys (TSE:TCS) last released its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$48.64 million for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. Research analysts anticipate 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.