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Tecsys (TSE:TCS) Stock Passes Above 50-Day Moving Average - Here's Why

Tecsys logo with Computer and Technology background

Tecsys Inc. (TSE:TCS - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

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

Read Our Latest Analysis on TCS

Tecsys Stock Performance

The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The company has a 50 day moving average price of C$40.77 and a 200 day moving average price of C$43.19. The company has a market capitalization of C$619.25 million, a price-to-earnings ratio of 241.26 and a beta of 0.65.

About Tecsys

(Get Free Report)

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.

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