Tracsis (LON:TRCS) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• Tracsis plc's stock price has fallen below its 200-day moving average of GBX 401.26, last trading at GBX 365 ($4.85).
• Berenberg Bank has reduced its price target for Tracsis shares from GBX 1,150 ($15.28) to GBX 550 ($7.31) while maintaining a "buy" rating.
• The company's financial ratios indicate a market capitalization of £103.62 million, a PE ratio of 210.77, and a debt-to-equity ratio of 2.73.

Tracsis plc (LON:TRCS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 401.26 ($5.40) and traded as low as GBX 340 ($4.57). Tracsis shares last traded at GBX 365 ($4.91), with a volume of 43,065 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on Tracsis from GBX 1,150 ($15.47) to GBX 550 ($7.40) and set a "buy" rating for the company in a report on Thursday, April 24th.

Tracsis Stock Performance

The stock has a market cap of £118.46 million, a PE ratio of 240.95 and a beta of 0.82. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The stock has a fifty day moving average price of GBX 432.88 and a 200 day moving average price of GBX 399.89.

Tracsis Company Profile

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.