Tecsys (TSE:TCS) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Tecsys shares crossed below their 200-day moving average (200‑day MA C$30.68), trading as low as C$29.60 and last at C$30.26 on volume of 49,852 — a common technical caution signal for investors.
• Analyst coverage is mixed: two Buys and two Holds yield a consensus rating of "Moderate Buy" with a consensus target of C$37.50, while recent price targets have ranged from C$28.50 to C$40.00 after several downgrades and upgrades.
• Key fundamentals show a market cap of ~C$443M, a high P/E of 75.65, modest profitability (net margin 3.15%, ROE 8.57%) and limited liquidity (current ratio 1.19), suggesting an expensive valuation with only modest earnings power.

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$30.68 and traded as low as C$29.60. Tecsys shares last traded at C$30.26, with a volume of 49,852 shares.

Analysts Set New Price Targets

TCS has been the subject of several research reports. Canadian Imperial Bank of Commerce dropped their price target on Tecsys from C$50.00 to C$40.00 in a report on Thursday, March 5th. Stifel Nicolaus cut Tecsys from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$48.00 to C$28.50 in a report on Thursday, February 12th. ATB Cormark Capital Markets raised Tecsys from a "hold" rating to a "moderate buy" rating and set a C$40.00 price target for the company in a report on Friday, March 6th. Finally, National Bank Financial lifted their price target on Tecsys from C$29.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$37.50.

Tecsys Stock Performance

The stock has a 50 day simple moving average of C$26.40 and a 200 day simple moving average of C$30.68. The company has a current ratio of 1.19, a quick ratio of 1.40 and a debt-to-equity ratio of 7.68. The stock has a market cap of C$443.01 million, a P/E ratio of 75.65 and a beta of 0.49.

Tecsys (TSE:TCS - Get Free Report) last posted its quarterly earnings data 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 for the quarter. On average, equities 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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