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Tracsis (LON:TRCS) Shares Pass Below 200-Day Moving Average - What's Next?

Tracsis logo with Computer and Technology background

Tracsis plc (LON:TRCS - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 412.27 ($5.60) and traded as low as GBX 410 ($5.57). Tracsis shares last traded at GBX 418 ($5.68), with a volume of 85,461 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on shares of Tracsis from GBX 1,150 ($15.63) to GBX 550 ($7.47) and set a "buy" rating on the stock in a research report on Thursday, April 24th.

Read Our Latest Analysis on TRCS

Tracsis Stock Down 1.6%

The firm has a market cap of £125.52 million, a PE ratio of 255.31 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 2.73. The business has a 50-day moving average price of GBX 455.99 and a two-hundred day moving average price of GBX 412.27.

Tracsis (LON:TRCS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported GBX 7.79 ($0.11) EPS for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. On average, equities research analysts expect that Tracsis plc will post 38.5149202 EPS for the current year.

About Tracsis

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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