Tecsys (TSE:TCS) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Tecsys Inc. shares fell below their 200-day moving average of C$39.14 during trading, closing at C$34.83 with a modest trading volume of 19,340 shares.
• Analysts have adjusted their price targets for Tecsys, with Ventum Financial lowering theirs from C$52.00 to C$47.00, while the average price target now stands at C$48.50.
• The company recently announced a quarterly dividend of $0.085 per share, scheduled for payment on October 3rd, reflecting an annual yield of 1.0% and a payout ratio of 111.67%.

Tecsys Inc. (TSE:TCS - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$39.14 and traded as low as C$34.69. Tecsys shares last traded at C$34.83, with a volume of 19,340 shares changing hands.

Analysts Set New Price Targets

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

Tecsys Stock Down 0.3%

The firm has a market cap of C$516.01 million, a PE ratio of 116.10 and a beta of 1.04. The business's 50 day moving average price is C$36.29 and its 200 day moving average price is C$39.14. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40.

Tecsys Dividend Announcement

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