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Tracsis (LON:TRCS) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Tracsis logo with Computer and Technology background

Key Points

  • Tracsis plc shares crossed above their two hundred day moving average, trading at GBX 420 ($5.64) after reaching a high of GBX 428.90 ($5.76).
  • Berenberg Bank has maintained a "buy" rating for Tracsis with a price target set at GBX 550, reflecting a positive outlook from analysts.
  • The company has a market capitalization of £126.36 million and a high price-to-earnings ratio of 25,000.00, indicating potential volatility in its stock performance.
  • Interested in Tracsis? Here are five stocks we like better.

Tracsis plc (LON:TRCS - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 397.90 ($5.38) and traded as high as GBX 428.90 ($5.80). Tracsis shares last traded at GBX 420 ($5.68), with a volume of 70,190 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 550 price objective on shares of Tracsis in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Tracsis presently has an average rating of "Buy" and an average target price of GBX 550.

Check Out Our Latest Report on Tracsis

Tracsis Stock Performance

The stock has a market capitalization of £124.60 million, a price-to-earnings ratio of 24,647.06 and a beta of 0.82. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 2.73. The stock's 50 day moving average is GBX 390.07 and its two-hundred day moving average is GBX 398.16.

Tracsis Company Profile

(Get Free Report)

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries. Tracsis's products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

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