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

Key Points

• Tecsys shares fell below their 200-day moving average, trading as low as C$30.32 before closing at C$31.00, compared with a 200-day average of C$31.62.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of C$38.70; National Bank Financial raised its target to C$46.00.
• The company reported quarterly revenue of C$50.05 million and a loss of C$0.02 per share, while insiders sold 4,700 shares during the last quarter and retain a 17.05% ownership stake.

Tecsys Inc. (TSE:TCS - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.62 and traded as low as C$30.32. Tecsys shares last traded at C$31.00, with a volume of 6,455 shares traded.

Analyst Ratings Changes

TCS has been the topic of a number of research analyst reports. TD Securities upgraded shares of Tecsys to a "strong-buy" rating in a report on Thursday, July 9th. TD set a C$39.00 price objective on shares of Tecsys and gave the company a "buy" rating in a report on Wednesday, July 8th. Canaccord Genuity Group raised shares of Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, National Bank Financial raised shares of Tecsys from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Tecsys currently has a consensus rating of "Buy" and an average target price of C$38.70.

Tecsys Trading Down 0.2%

The stock has a 50-day moving average of C$33.38 and a 200 day moving average of C$31.62. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.49. The stock has a market cap of C$446.93 million, a PE ratio of 114.81 and a beta of 0.85.

Tecsys (TSE:TCS - Get Free Report) last posted its earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$50.05 million for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. As a group, sell-side analysts anticipate that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Brereton sold 1,700 shares of the business's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of C$33.00, for a total value of C$56,100.00. Following the sale, the director directly owned 714,572 shares in the company, valued at approximately C$23,580,876. The trade was a 0.24% decrease in their position. In the last quarter, insiders have sold 4,700 shares of company stock valued at $161,819. Insiders own 17.05% of the company's stock.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.

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