Tecsys (TSE:TCS) Director Sells C$15,500.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 500 shares of the stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$31.00, for a total value of C$15,500.00. Following the completion of the sale, the director owned 716,472 shares in the company, valued at approximately C$22,210,632. The trade was a 0.07% decrease in their ownership of the stock.

David Brereton also recently made the following trade(s):

• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The shares were sold at an average price of C$36.47, for a total value of C$36,470.00.
• On Friday, June 12th, David Brereton sold 700 shares of Tecsys stock. The stock was sold at an average price of C$36.48, for a total value of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The shares were sold at an average price of C$35.50, for a total value of C$7,100.00.
• On Friday, June 5th, David Brereton sold 300 shares of Tecsys stock. The stock was sold at an average price of C$35.67, for a total value of C$10,701.00.
• On Friday, June 5th, David Brereton sold 100 shares of Tecsys stock. The stock was sold at an average price of C$36.12, for a total value of C$3,612.00.

Tecsys Stock Up 2.5%

TCS stock opened at C$32.71 on Thursday. The company’s 50 day moving average price is C$35.20 and its 200 day moving average price is C$30.86. The firm has a market capitalization of C$472.14 million, a price-to-earnings ratio of 121.15 and a beta of 0.84. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week high of C$39.51. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12.

Tecsys (TSE:TCS) last issued its quarterly earnings results on Monday, June 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%.The firm had revenue of C$50.05 million during the quarter. On average, equities research analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TCS. National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. TD set a C$39.00 price objective on Tecsys and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tecsys currently has a consensus rating of “Moderate Buy” and an average price target of C$38.70.

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.