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

Tracsis plc (LON:TRCS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 456.41 ($6.07) and traded as high as GBX 470 ($6.25). Tracsis shares last traded at GBX 430 ($5.72), with a volume of 289,198 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on Tracsis from GBX 1,150 ($15.29) to GBX 550 ($7.31) and set a "buy" rating for the company in a report on Thursday, April 24th.

Tracsis Trading Up 3.3 %

The company's fifty day moving average is GBX 356.41 and its 200-day moving average is GBX 453.24. The firm has a market capitalization of £136.43 million, a P/E ratio of 277.49 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 (LON:TRCS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported GBX 7.79 ($0.10) earnings per share for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. As a group, sell-side analysts anticipate that Tracsis plc will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 23rd were given a GBX 1.30 ($0.02) dividend. This represents a yield of 0.2%. The ex-dividend date was Thursday, January 23rd. This is a positive change from Tracsis's previous dividend of $1.10. Tracsis's dividend payout ratio is 123.56%.

About Tracsis

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.