Tracsis (LON:TRCS) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tracsis (LON:TRCS) in a report published on Wednesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 1,150 ($14.53) target price on the stock.

Tracsis Price Performance

LON:TRCS opened at GBX 422 ($5.33) on Wednesday. The stock has a 50 day moving average of GBX 441.24 and a two-hundred day moving average of GBX 549.73. Tracsis has a 12 month low of GBX 261 ($3.30) and a 12 month high of GBX 972 ($12.28). The firm has a market cap of £128.18 million, a P/E ratio of 260.72 and a beta of 0.82. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 2.73.

Tracsis (LON:TRCS) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a return on equity of 0.72% and a net margin of 0.60%. On average, analysts expect that Tracsis will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd were given a GBX 1.30 ($0.02) dividend. This represents a dividend yield of 0.2%. This is a boost from Tracsis’s previous dividend of $1.10. The ex-dividend date was Thursday, January 23rd. Tracsis’s dividend payout ratio is 123.56%.

Insider Transactions at Tracsis

In other Tracsis news, insider Christopher Matthew Barnes sold 3,806 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.73), for a total transaction of £20,285.98 ($25,629.79). Also, insider Tracy Sheedy bought 950 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 530 ($6.70) per share, with a total value of £5,035 ($6,361.34). Insiders own 3.59% of the company’s stock.

Tracsis Company Profile

Tracsis plc is a technology company and leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries. The Company’s products and services comprise two principal offerings: Rail Technology and Services, which includes the application of software development and licensing, remote condition monitoring technology, and associated operational and strategic consulting services; and Traffic and Data Services, which includes data capture, analysis and interpretation of traffic and pedestrian movement and demand volumes to aid with the planning, investment into, and operations of a transport environment.