Tracsis plc (LON:TRCS – Get Rating)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 940.78 ($11.70) and traded as low as GBX 940.50 ($11.70). Tracsis shares last traded at GBX 950 ($11.82), with a volume of 28,586 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,350 ($16.79) target price on shares of Tracsis in a research note on Thursday, February 23rd.
Tracsis Price Performance
The company has a 50 day moving average of GBX 930.35 and a 200-day moving average of GBX 940.78. The stock has a market capitalization of £284.34 million, a P/E ratio of 11,875.00 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 4.03.
Tracsis Cuts Dividend
Tracsis plc, together with its subsidiaries, provides software and hardware products, and consultancy services for the rail industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset visualisation and digital railway.
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