Tracsis (LON:TRCS) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Tracsis plc's stock price has fallen below its two hundred day moving average, which is currently GBX 404.68 ($5.46), with shares last trading at GBX 391 ($5.27).
• Despite the drop in stock price, Berenberg Bank has maintained a "buy" rating and set a price target of GBX 550, suggesting that analysts remain bullish on the company's future performance.
• The company's financial metrics include a market cap of £115.98 million and a debt-to-equity ratio of 2.73, indicating a high level of debt relative to equity, which may be a factor for investors to consider.

Tracsis plc (LON:TRCS - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 404.68 ($5.46) and traded as low as GBX 390 ($5.26). Tracsis shares last traded at GBX 391 ($5.27), with a volume of 26,262 shares changing hands.

Analyst Upgrades and Downgrades

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

Tracsis Price Performance

The company's fifty day moving average is GBX 393.98 and its 200 day moving average is GBX 404.68. 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 stock has a market cap of £115.98 million, a PE ratio of 22,941.18 and a beta of 0.82.

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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