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

Key Points

• Tecsys Inc. (TSE:TCS)'s stock price has fallen below its 200-day moving average of C$38.33, trading as low as C$34.15.
• Analysts has downgraded Tecsys' price target from C$52.00 to C$47.00, with an overall average target price of C$48.50 and a "Buy" rating.
• The company also declared a quarterly dividend of $0.085, with an annualized yield of 1.0%, although its payout ratio is significantly high at 111.67%.

Tecsys Inc. (TSE:TCS - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$38.33 and traded as low as C$34.15. Tecsys shares last traded at C$34.74, with a volume of 5,598 shares traded.

Analyst Ratings Changes

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

Tecsys Price Performance

The firm has a 50 day moving average price of C$35.05 and a 200 day moving average price of C$38.33. The stock has a market capitalization of C$514.67 million, a PE ratio of 115.80 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64.

Tecsys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.0%. Tecsys's 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.

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