Tecsys (TSE:TCS) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• Tecsys Inc. shares have recently crossed above their 50-day moving average of C$35.97, reaching a high of C$36.24 during trading.
• Ventum Financial has lowered its price target for Tecsys from C$52.00 to C$47.00, while maintaining a "buy" rating for the stock.
• The company announced a quarterly dividend of $0.085 per share, equivalent to an annual yield of 1.0%, despite a high payout ratio of 111.67%.

Tecsys Inc. (TSE:TCS - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$35.97 and traded as high as C$36.24. Tecsys shares last traded at C$35.34, with a volume of 11,726 shares changing hands.

Analyst Ratings Changes

Separately, Ventum Financial dropped their price target on 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tecsys has an average rating of "Buy" and a consensus target price of C$48.50.

Tecsys Stock Down 1.8%

The stock has a 50-day moving average of C$35.97 and a two-hundred day moving average of C$38.81. The company has a market cap of C$523.56 million, a P/E ratio of 117.80 and a beta of 0.92. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors 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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