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Tracsis (LON:TRCS) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Tracsis logo with Computer and Technology background
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Key Points

  • Price action: Tracsis shares passed below its 200-day moving average (200‑day MA GBX 322.53), trading as low as GBX 315 and last at GBX 321 on a volume of 61,608 shares, down about 2.1%.
  • Analyst view: Berenberg Bank reaffirmed a "buy" rating with a GBX 550 target, and the consensus rating on MarketBeat is Buy with a consensus target of GBX 550.
  • Fundamentals: The company has a market cap of £95.54 million, a high P/E of 189.94, a low net margin of 0.63% and a debt-to-equity ratio of 4.07, signalling limited profitability and notable leverage.
  • MarketBeat previews the top five stocks to own by May 1st.

Tracsis plc (LON:TRCS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 322.53 and traded as low as GBX 315. Tracsis shares last traded at GBX 321, with a volume of 61,608 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 550 target price on shares of Tracsis in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tracsis presently has an average rating of "Buy" and a consensus target price of GBX 550.

Read Our Latest Stock Analysis on TRCS

Tracsis Trading Down 2.1%

The firm has a market cap of £95.54 million, a P/E ratio of 189.94 and a beta of 0.62. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.98 and a current ratio of 1.74. The firm has a fifty day moving average of GBX 316.77 and a 200-day moving average of GBX 322.53.

Tracsis (LON:TRCS - Get Free Report) last announced its quarterly earnings results on Monday, February 16th. The company reported GBX 25.20 earnings per share (EPS) for the quarter. Tracsis had a return on equity of 0.78% and a net margin of 0.63%. Equities research analysts forecast that Tracsis plc will post 38.5149202 earnings per share for the current year.

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. The Group is split into two principal operating areas built around detailed industry knowledge and expertise: Rail Technology & Services: A software, technology and product led business.

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