Tecsys (TSE:TCS) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Tecsys Inc. (TSE:TCS - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TCS shares. Raymond James lifted their price objective on Tecsys from C$45.00 to C$50.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Cormark raised Tecsys from a "hold" rating to a "moderate buy" rating in a report on Wednesday, March 19th.

Tecsys Stock Up 0.8%

The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64. The firm has a market cap of C$606.72 million, a PE ratio of 236.37 and a beta of 0.65. The stock has a fifty day simple moving average of C$41.29 and a two-hundred day simple moving average of C$43.20.

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.