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

Tecsys Inc. (TSE:TCS - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$40.51 and traded as high as C$43.68. Tecsys shares last traded at C$42.77, with a volume of 1,298 shares changing hands.

Analysts Set New Price Targets

TCS has been the topic of a number of recent analyst reports. Raymond James lifted their price target on shares of Tecsys from C$45.00 to C$50.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Cormark upgraded Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th.

Tecsys Trading Down 1.5%

The firm has a market cap of C$619.40 million, a P/E ratio of 241.31 and a beta of 0.65. The business's 50-day moving average is C$40.55 and its two-hundred day moving average is C$43.13. 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 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.