Tecsys (TSE:TCS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Tecsys Inc. (TSE:TCS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$32.72 and traded as low as C$23.97. Tecsys shares last traded at C$24.60, with a volume of 96,369 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TCS. Stifel Nicolaus cut shares of Tecsys from a “buy” rating to a “hold” rating and dropped their target price for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. National Bank Financial upped their price target on Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$38.63.

Tecsys Price Performance

The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The stock has a market capitalization of C$362.80 million, a PE ratio of 68.33 and a beta of 0.80. The company’s fifty day simple moving average is C$28.19 and its two-hundred day simple moving average is C$32.72.

Tecsys (TSE:TCS) last released its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 EPS for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The business had revenue of C$48.64 million for the quarter. As a group, sell-side analysts predict that Tecsys Inc. will post 0.4600739 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Brereton sold 800 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the transaction, the director directly owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Insiders sold a total of 2,100 shares of company stock worth $67,521 over the last ninety days. Company insiders own 17.05% of the company’s stock.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.