Tecsys (TSE:TCS) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Tecsys Inc. (TSE:TCS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.87 and traded as low as C$27.47. Tecsys shares last traded at C$27.48, with a volume of 6,658 shares trading hands.

Analyst Upgrades and Downgrades

TCS has been the subject of a number of research analyst reports. National Bank Financial raised their target price on Tecsys from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. Canadian Imperial Bank of Commerce cut their price target on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. ATB Cormark Capital Markets raised shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price target on the stock in a research report on Friday, March 6th. Finally, Stifel Nicolaus cut shares of Tecsys from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$37.50.

Tecsys Stock Up 3.4%

The firm has a market cap of C$422.36 million, a PE ratio of 72.13 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. The business has a 50-day moving average price of C$26.22 and a two-hundred day moving average price of C$30.84.

Tecsys (TSE:TCS) last released its earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The firm had revenue of C$48.50 million during the quarter. On average, equities research analysts expect that Tecsys Inc. will post 0.4600739 EPS for the current year.

Tecsys Company Profile

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.