Tracsis (LON:TRCS) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Tracsis plc (LON:TRCS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 329.93 and traded as high as GBX 370. Tracsis shares last traded at GBX 369.88, with a volume of 46,888 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on shares of Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 575.

Tracsis Trading Up 5.7%

The firm has a market cap of £110.24 million, a P/E ratio of 115.23 and a beta of 0.63. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 6.14. The company’s 50 day simple moving average is GBX 334.12 and its 200-day simple moving average is GBX 329.93.

Insider Activity at Tracsis

In other news, insider Andrew Kelly purchased 7,132 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of GBX 351 per share, with a total value of £25,033.32. Also, insider David Frost bought 7,131 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of GBX 351 per share, for a total transaction of £25,029.81. 15.88% of the stock is owned by corporate insiders.

About Tracsis

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.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.