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

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.23 and traded as low as C$40.72. Tecsys shares last traded at C$40.83, with a volume of 6,589 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cormark upgraded Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th. Raymond James increased their price objective on Tecsys from C$45.00 to C$50.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th.

Tecsys Price Performance

The stock has a market cap of C$594.92 million, a PE ratio of 231.78 and a beta of 0.65. The business's 50-day simple moving average is C$41.29 and its 200-day simple moving average is C$43.16. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.