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

Key Points

• Tracsis plc's shares have fallen below their 200-day moving average, trading as low as GBX 350 ($4.73), with the latest price at GBX 360 ($4.86).
• Berenberg Bank has reduced its target price for Tracsis from GBX 1,150 ($15.53) to GBX 550 ($7.43) while maintaining a "buy" rating.
• Tracsis has a market cap of £106.92 million and a high PE ratio of 217.47, indicating significant market speculation about future earnings.

Tracsis plc (LON:TRCS - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 398.76 ($5.40) and traded as low as GBX 350 ($4.74). Tracsis shares last traded at GBX 360 ($4.88), with a volume of 43,991 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price target on Tracsis from GBX 1,150 ($15.59) to GBX 550 ($7.45) and set a "buy" rating on the stock in a research note on Thursday, April 24th.

Tracsis Price Performance

The company has a 50 day simple moving average of GBX 421.13 and a 200-day simple moving average of GBX 398.16. The stock has a market cap of £108.44 million, a price-to-earnings ratio of 220.56 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.

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.