Tecsys (TSE:TCS) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Tecsys Inc. (TSE:TCS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.01 and traded as low as C$29.11. Tecsys shares last traded at C$29.20, with a volume of 1,276 shares.

Analyst Upgrades and Downgrades

TCS has been the subject of several research reports. National Bank Financial raised Tecsys from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th. TD set a C$39.00 price objective on Tecsys and gave the stock a "buy" rating in a research report on Wednesday, July 8th. TD Securities raised Tecsys to a "strong-buy" rating in a report on Thursday, July 9th. Finally, Canaccord Genuity Group upgraded shares of Tecsys to a "strong-buy" rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Tecsys has a consensus rating of "Buy" and an average price target of C$38.70.

Tecsys Trading Down 0.2%

The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40. The business's 50-day moving average price is C$32.30 and its two-hundred day moving average price is C$32.01. The company has a market capitalization of C$420.98 million, a price-to-earnings ratio of 108.15 and a beta of 0.85.

Tecsys (TSE:TCS - Get Free Report) last issued its quarterly earnings results on Monday, June 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%.The company had revenue of C$50.05 million for the quarter. Research analysts predict that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Insider Activity

In other news, Director David Brereton sold 1,700 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the sale, the director directly owned 714,572 shares of the company's stock, valued at approximately C$23,580,876. This represents a 0.24% decrease in their position. Over the last quarter, insiders sold 5,900 shares of company stock worth $195,328. Corporate insiders own 17.05% of the company's stock.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.

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