Tracsis plc (LON:TRCS) Increases Dividend to GBX 1.30 Per Share

Tracsis plc (LON:TRCS) declared a dividend on Wednesday, November 20th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 23rd will be given a dividend of GBX 1.30 ($0.02) per share on Friday, February 7th. This represents a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 23rd. This is an increase from Tracsis’s previous dividend of $1.10. The official announcement can be viewed at this link.

Tracsis Stock Down 12.7 %

Shares of LON TRCS traded down GBX 84.75 ($1.08) during mid-day trading on Wednesday, reaching GBX 580.25 ($7.36). 66,984 shares of the company’s stock were exchanged, compared to its average volume of 51,570. The firm has a market capitalization of £176.11 million, a price-to-earnings ratio of 3,868.33 and a beta of 0.82. Tracsis has a twelve month low of GBX 481 ($6.10) and a twelve month high of GBX 980 ($12.44). The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 3.29. The business has a fifty day simple moving average of GBX 602.68 and a 200 day simple moving average of GBX 707.39.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on shares of Tracsis from GBX 1,245 ($15.80) to GBX 1,150 ($14.59) and set a “buy” rating for the company in a report on Thursday, August 29th.

About Tracsis

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.