Tecsys (TSE:TCS) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Tecsys Inc. (TSE:TCS - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$40.77 and traded as high as C$42.50. Tecsys shares last traded at C$42.00, with a volume of 4,234 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James increased their price target on Tecsys from C$45.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Cormark raised Tecsys from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, March 19th.

Tecsys Stock Down 3.7%

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 company has a market capitalization of C$606.28 million, a P/E ratio of 236.20 and a beta of 0.65. The company has a 50-day moving average of C$40.98 and a two-hundred day moving average of C$43.24.

About Tecsys

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.