Tecsys (TSE:TCS) Stock Crosses Below 200 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 traded.

Wall Street Analysts Forecast Growth

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

Tecsys Stock Performance

The stock has a market cap of C$530.79 million, a P/E ratio of 206.79 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The business has a 50 day moving average price of C$38.07 and a two-hundred day moving average price of C$40.55.

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 paid a $0.085 dividend. This is a positive change from Tecsys's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.9%. Tecsys's dividend payout ratio 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.