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Tracsis (LON:TRCS) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Tracsis logo with Computer and Technology background

Shares of Tracsis plc (LON:TRCS - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 407.94 ($5.48) and traded as low as GBX 394 ($5.29). Tracsis shares last traded at GBX 399 ($5.36), with a volume of 47,611 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their target price on shares of Tracsis from GBX 1,150 ($15.44) to GBX 550 ($7.39) and set a "buy" rating on the stock in a report on Thursday, April 24th.

Get Our Latest Report on TRCS

Tracsis Stock Performance

The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 2.73. The business's 50-day moving average price is GBX 450.97 and its 200-day moving average price is GBX 407.94. The stock has a market cap of £122.98 million, a PE ratio of 250.15 and a beta of 0.82.

Tracsis (LON:TRCS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported GBX 7.79 ($0.10) EPS for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. As a group, equities research analysts expect that Tracsis plc will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Company Profile

(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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