Tecsys (TSE:TCS) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Tecsys Inc. (TSE:TCS - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.10 and traded as low as C$39.94. Tecsys shares last traded at C$40.58, with a volume of 2,601 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TCS. Raymond James increased their target price 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 shares of Tecsys from a "hold" rating to a "moderate buy" rating in a report on Wednesday, March 19th.

Tecsys Trading Down 0.0%

The business has a 50 day simple moving average of C$41.54 and a 200-day simple moving average of C$43.00. The stock has a market capitalization of C$591.83 million, a P/E ratio of 230.57 and a beta of 0.65. 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 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.