Tracsis (LON:TRCS) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Tracsis shares climbed above their 200-day moving average (GBX 321.44) to GBX 349.50 on Tuesday, up about 3.8% with 88,320 shares changing hands.
• Analysts remain positive—Berenberg reiterated a Buy rating and the consensus target price is GBX 550.
• The stock looks expensively valued relative to fundamentals, trading at a P/E of 111.53 with quarterly EPS of GBX 10.42, a net margin of 0.63% and a market cap of £106.6m.

Tracsis plc (LON:TRCS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 321.44 and traded as high as GBX 349.50. Tracsis shares last traded at GBX 349.50, with a volume of 88,320 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 550 target price on shares of Tracsis in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 550.

Tracsis Stock Up 3.8%

The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.98. The stock has a market capitalization of £106.55 million, a P/E ratio of 111.53 and a beta of 0.62. The firm has a 50-day simple moving average of GBX 318.11 and a 200 day simple moving average of GBX 321.44.

Tracsis (LON:TRCS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported GBX 10.42 earnings per share (EPS) for the quarter. Tracsis had a return on equity of 0.80% and a net margin of 0.63%.The company had revenue of GBX 3,893 million during the quarter. On average, equities research analysts forecast that Tracsis plc will post 38.5149202 EPS for the current year.

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. The Group is split into two principal operating areas built around detailed industry knowledge and expertise: Rail Technology & Services: A software, technology and product led business.

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