Tecsys (TSE:TCS) Reaches New 12-Month Low - Time to Sell?

Key Points

• Tecsys Inc. reached a new 52-week low of C$32.85 per share, last trading at C$33.00 with a trading volume of 4,541 shares.
• Analysts have lowered Tecsys's price target from C$52.00 to C$47.00 but maintain a "buy" rating, with a consensus price target of C$48.50.
• The company's dividend payout ratio is currently at 111.67%, with a quarterly dividend of $0.085, resulting in a 1.0% annual yield.

Tecsys Inc. (TSE:TCS - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as C$32.85 and last traded at C$33.00, with a volume of 4541 shares trading hands. The stock had previously closed at C$33.05.

Wall Street Analyst Weigh In

Separately, Ventum Financial dropped their price target on Tecsys from C$52.00 to C$47.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Tecsys presently has an average rating of "Buy" and a consensus price target of C$48.50.

Tecsys Price Performance

The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The firm has a fifty day moving average price of C$35.41 and a two-hundred day moving average price of C$38.52. The stock has a market capitalization of C$488.90 million, a P/E ratio of 110.00 and a beta of 0.92.

Tecsys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.0%. Tecsys's dividend payout ratio is presently 111.67%.

About Tecsys

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.

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