Tecsys (TSE:TCS) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Tecsys shares crossed above their 50‑day moving average, trading at C$27.72 (50‑day MA C$26.36) and were up about 4.4%, though the stock remains below its 200‑day MA of C$31.15.
• Analysts are split (two Buy, two Hold) but carry a consensus rating of Moderate Buy with an average target of C$37.50 and individual targets ranging roughly from C$28.50 to C$40.00.
• Recent results showed C$0.12 EPS on C$48.5M in revenue; the company has a market cap of ~C$405.8M, a PE of 69.3 and a debt‑to‑equity ratio of 7.68.

Tecsys Inc. (TSE:TCS - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$26.36 and traded as high as C$27.72. Tecsys shares last traded at C$27.72, with a volume of 11,892 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. ATB Cormark Capital Markets upgraded Tecsys from a "hold" rating to a "moderate buy" rating and set a C$40.00 price target for the company in a research note on Friday, March 6th. Canadian Imperial Bank of Commerce lowered their price objective on Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. National Bank Financial upped their price objective on Tecsys from C$29.00 to C$32.00 and gave the stock a "sector perform" rating in a research note on Friday, March 6th. Finally, Stifel Nicolaus cut Tecsys from a "buy" rating to a "hold" rating and cut their target price for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$37.50.

Tecsys Stock Up 4.4%

The firm has a market capitalization of C$405.82 million, a PE ratio of 69.30 and a beta of 0.78. The company has a fifty day moving average price of C$26.36 and a 200-day moving average price of C$31.15. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.40 and a current ratio of 1.19.

Tecsys (TSE:TCS - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The firm had revenue of C$48.50 million during the quarter. As a group, analysts expect that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

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. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.

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