Tecsys (TSE:TCS) Sets New 52-Week High – Here’s Why

Tecsys Inc. (TSE:TCS)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$44.90 and last traded at C$44.90, with a volume of 21155 shares. The stock had previously closed at C$42.57.

Analysts Set New Price Targets

Separately, Cormark lowered Tecsys from a “moderate buy” rating to a “hold” rating in a report on Monday, September 9th.

Tecsys Stock Down 2.7 %

The business’s 50 day moving average is C$40.94 and its 200 day moving average is C$38.86. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.40 and a current ratio of 1.38. The stock has a market cap of C$646.32 million, a price-to-earnings ratio of 437.00 and a beta of 0.65.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Thursday, September 5th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.04). Tecsys had a net margin of 0.86% and a return on equity of 2.08%. The business had revenue of C$42.28 million for the quarter, compared to analyst estimates of C$44.89 million. Equities analysts expect that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Tecsys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.08 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. Tecsys’s payout ratio is 320.00%.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.