Tracsis (LON:TRCS) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Tracsis plc's shares fell below their 200-day moving average, trading at GBX 357 ($4.75), significantly lower than the average of GBX 404.22 ($5.38).
• Berenberg Bank has reiterated a "buy" rating for Tracsis with a target price of GBX 550, suggesting optimism about the stock's future performance.
• Tracsis has a market capitalization of £105.04 million and a notably high PE ratio of 20,776.47, indicating a potential evaluation concern by investors.

Shares of Tracsis plc (LON:TRCS - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 404.22 ($5.38) and traded as low as GBX 350 ($4.65). Tracsis shares last traded at GBX 357 ($4.75), with a volume of 26,172 shares traded.

Wall Street Analyst Weigh In

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

Tracsis Trading Down 0.5%

The company has a market capitalization of £105.04 million, a PE ratio of 20,776.47 and a beta of 0.82. The company's fifty day moving average is GBX 390.98 and its 200-day moving average is GBX 404.22. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.64 and a quick ratio of 0.98.

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.

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