Tecsys (TSE:TCS) Posts Earnings Results

Tecsys (TSE:TCS) announced its earnings results on Monday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%.

Tecsys Stock Performance

Tecsys stock traded up C$0.02 during midday trading on Monday, reaching C$35.23. 2,806 shares of the company’s stock were exchanged, compared to its average volume of 22,012. The stock’s 50-day simple moving average is C$35.69 and its 200 day simple moving average is C$30.88. The firm has a market cap of C$515.77 million, a price-to-earnings ratio of 88.07 and a beta of 0.81. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.40 and a current ratio of 1.19. Tecsys has a 52 week low of C$22.51 and a 52 week high of C$40.29.

Analyst Ratings Changes

Several brokerages have commented on TCS. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. Finally, ATB Cormark Capital Markets raised Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective on the stock in a research note on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Tecsys currently has an average rating of “Moderate Buy” and a consensus price target of C$40.30.

Insider Activity

In other news, Director David Brereton sold 1,000 shares of Tecsys stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$36.47, for a total transaction of C$36,470.00. Following the completion of the transaction, the director directly owned 719,272 shares in the company, valued at approximately C$26,231,849.84. The trade was a 0.14% decrease in their position. Insiders sold 2,300 shares of company stock valued at $83,419 over the last ninety days. Company insiders own 17.05% of the company’s stock.

About Tecsys

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.