Tecsys (TSE:TCS) Sets New 52-Week Low - Time to Sell?

Key Points

• Tecsys Inc. (TSE:TCS) has reached a new 52-week low of C$34.00, with a notable trading volume of 16,697 shares.
• Ventum Financial has lowered their price target for Tecsys from C$52.00 to C$47.00, while maintaining a "buy" rating on the stock, which has an average price target of C$48.50.
• The company announced a quarterly dividend of $0.085 per share, with an annualized yield of 1.0% and a dividend payout ratio of 111.67%.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$34.00 and last traded at C$34.00, with a volume of 16697 shares traded. The stock had previously closed at C$34.30.

Analyst Ratings Changes

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

Tecsys Stock Down 0.3%

The firm has a 50 day simple moving average of C$36.91 and a two-hundred day simple moving average of C$39.56. 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 has a market cap of C$495.07 million, a P/E ratio of 111.30 and a beta of 1.04.

Tecsys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.0%. Tecsys's dividend payout ratio is currently 111.67%.

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.