Tracsis (LON:TRCS) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Tracsis plc (LON:TRCS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 447.17 ($6.05) and traded as low as GBX 425 ($5.75). Tracsis shares last traded at GBX 450 ($6.09), with a volume of 74,483 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their target price on shares of Tracsis from GBX 1,150 ($15.56) to GBX 550 ($7.44) and set a "buy" rating on the stock in a report on Thursday, April 24th.

Tracsis Stock Down 2.6%

The stock has a market cap of £136.08 million, a P/E ratio of 276.78 and a beta of 0.82. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.64 and a quick ratio of 0.98. The stock's fifty day simple moving average is GBX 378.84 and its 200-day simple moving average is GBX 443.13.

Tracsis (LON:TRCS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported GBX 7.79 ($0.11) earnings per share for the quarter. Tracsis had a return on equity of 0.72% and a net margin of 0.60%. On average, research analysts anticipate that Tracsis plc will post 38.5149202 earnings per share 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.