Tecsys (TSE:TCS) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Tecsys Inc. (TSE:TCS - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.02 and traded as low as C$40.11. Tecsys shares last traded at C$40.47, with a volume of 630 shares traded.

Wall Street Analysts Forecast Growth

TCS has been the subject of several research reports. Raymond James raised their target price 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. Cormark raised shares of Tecsys from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, March 19th.

Tecsys Price 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 stock has a market cap of C$600.08 million, a PE ratio of 233.79 and a beta of 0.65. The stock has a 50 day moving average of C$41.71 and a two-hundred day moving average of C$43.01.

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.