Tecsys (TSE:TCS) Stock Price Crosses Below 200 Day Moving Average of $30.59

Tecsys Inc. (TSE:TCS – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.59 and traded as low as C$26.50. Tecsys shares last traded at C$27.58, with a volume of 11,885 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cormark reduced their price objective on Tecsys from C$46.50 to C$41.00 and set a “market perform” rating on the stock in a research report on Friday, December 2nd. Raymond James reduced their price objective on Tecsys from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, December 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$46.00.

Tecsys Trading Up 5.8 %

The firm has a 50-day moving average of C$27.75 and a 200-day moving average of C$30.59. The company has a debt-to-equity ratio of 20.05, a quick ratio of 1.40 and a current ratio of 1.55. The firm has a market capitalization of C$401.81 million and a P/E ratio of 95.10.

Tecsys (TSE:TCS – Get Rating) last posted its quarterly earnings results on Wednesday, November 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.01 by C$0.04. The company had revenue of C$38.11 million for the quarter, compared to the consensus estimate of C$36.18 million. On average, equities research analysts anticipate that Tecsys Inc. will post 0.41 EPS for the current fiscal year.

Tecsys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Thursday, December 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.09%. This is a positive change from Tecsys’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 14th. Tecsys’s dividend payout ratio (DPR) is presently 96.55%.

About Tecsys

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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.