Tecsys (TSE:TCS) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tecsys Inc.'s shares have fallen below their 200-day moving average of C$41.41, trading as low as C$39.19 before closing at C$39.37.
• Ventum Financial has reduced its target price for Tecsys from C$52.00 to C$47.00, while maintaining a "buy" rating on the stock.
• The company recently increased its quarterly dividend to $0.085, resulting in an annualized dividend of $0.34 and a yield of 0.9%, despite a high dividend payout ratio of 183.81%.

Tecsys Inc. (TSE:TCS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$41.41 and traded as low as C$39.19. Tecsys shares last traded at C$39.37, with a volume of 3,592 shares changing hands.

Analyst Ratings Changes

Separately, Ventum Financial decreased their price objective on shares of 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.

Tecsys Trading Down 1.4%

The stock has a market cap of C$553.49 million, a price-to-earnings ratio of 215.64 and a beta of 0.65. The firm's 50 day moving average is C$39.12 and its two-hundred day moving average is C$41.24. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64.

Tecsys Increases Dividend

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

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.