Tecsys Inc. (TSE:TCS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.31 and traded as low as C$38.28. Tecsys shares last traded at C$38.28, with a volume of 10,090 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TCS shares. Ventum Financial reduced their price target on Tecsys from C$52.00 to C$47.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Cormark upgraded Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th.
View Our Latest Report on Tecsys
Tecsys Trading Down 2.1%
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 stock has a fifty day simple moving average of C$41.28 and a 200 day simple moving average of C$42.26. The firm has a market capitalization of C$556.29 million, a P/E ratio of 216.73 and a beta of 0.65.
Tecsys Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.90%. This is a positive change from Tecsys's previous quarterly dividend of $0.08. Tecsys's dividend payout ratio is currently 183.81%.
About Tecsys
(
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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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