Tecsys (TSE:TCS) Reaches New 1-Year 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%.

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

Wall Street Analyst Weigh In

Separately, Ventum Financial lowered their target price on 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$48.50.

Tecsys Trading Up 1.2%

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 company has a 50 day simple moving average of C$36.91 and a two-hundred day simple moving average of C$39.64. The company has a market cap of C$496.70 million, a PE ratio of 111.67 and a beta of 1.04.

Tecsys Dividend Announcement

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