Tecsys (TSE:TCS) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Tecsys Inc. shares fell below their 200-day moving average for the first time, trading as low as C$37.17, which is below the average of C$40.73.
• Wall Street analysts maintain a consensus Buy rating for Tecsys, with an average target price of C$48.50, despite a recent target price reduction from C$52.00 to C$47.00.
• Tecsys has recently increased its quarterly dividend to $0.085 per share, reflecting a positive change from the previous dividend and indicating confidence in its financial performance.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.73 and traded as low as C$37.17. Tecsys shares last traded at C$37.17, with a volume of 910 shares changing hands.

Wall Street Analyst Weigh In

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

Tecsys Price Performance

The stock has a market capitalization of C$534.03 million, a price-to-earnings ratio of 208.05 and a beta of 0.65. The company has a fifty day simple moving average of C$38.17 and a 200 day simple moving average of C$40.58. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31.

Tecsys Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 11th were given a $0.085 dividend. This is a positive change from Tecsys's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 0.9%. Tecsys's dividend payout ratio (DPR) is 183.81%.

Tecsys Company Profile

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.