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Ventum Financial Has Lowered Expectations for Tecsys (TSE:TCS) Stock Price

Tecsys logo with Computer and Technology background

Tecsys (TSE:TCS - Get Free Report) had its target price cut by research analysts at Ventum Financial from C$52.00 to C$47.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's target price indicates a potential upside of 17.35% from the company's current price.

Several other equities research analysts have also weighed in on the company. Cormark raised Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th. Raymond James Financial increased their price target on shares of Tecsys from C$45.00 to C$50.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th.

View Our Latest Research Report on Tecsys

Tecsys Stock Up 4.6%

Tecsys stock traded up C$1.75 during midday trading on Monday, reaching C$40.05. The company's stock had a trading volume of 8,508 shares, compared to its average volume of 10,299. The company has a market cap of C$590.50 million, a P/E ratio of 230.05 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The business has a 50-day simple moving average of C$41.55 and a 200-day simple moving average of C$42.59. Tecsys has a fifty-two week low of C$34.16 and a fifty-two week high of C$47.51.

About Tecsys

(Get Free Report)

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.

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