Tracsis (LON:TRCS) Shares Up 11.1% - Here's What Happened

Tracsis plc (LON:TRCS - Get Free Report) shot up 11.1% during mid-day trading on Friday . The stock traded as high as GBX 370 ($4.96) and last traded at GBX 350 ($4.69). 274,312 shares traded hands during trading, an increase of 182% from the average session volume of 97,261 shares. The stock had previously closed at GBX 315 ($4.22).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on Tracsis from GBX 1,150 ($15.42) to GBX 550 ($7.38) and set a "buy" rating on the stock in a research note on Thursday, April 24th.

Tracsis Price Performance

The company has a market capitalization of £129.39 million, a P/E ratio of 263.19 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 company has a fifty day moving average price of GBX 350.95 and a 200 day moving average price of GBX 458.33.

Tracsis (LON:TRCS - Get Free Report) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Tracsis plc will post 38.5149202 EPS for the current fiscal year.

Tracsis Increases Dividend

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

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.