Tracsis (LON:TRCS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Tracsis plc (LON:TRCS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 323.82 and traded as high as GBX 330. Tracsis shares last traded at GBX 327, with a volume of 77,201 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 550 price target on shares of Tracsis in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 550.

Tracsis Price Performance

The firm has a market cap of £97.37 million, a P/E ratio of 101.87 and a beta of 0.63. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97. The stock’s 50-day simple moving average is GBX 333.09 and its two-hundred day simple moving average is GBX 323.82.

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

About Tracsis

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.