Tecsys (TSE:TCS) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Tecsys Inc. (TSE:TCS) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$43.16 and traded as low as C$39.37. Tecsys shares last traded at C$40.45, with a volume of 1,067 shares traded.

Analysts Set New Price Targets

A number of brokerages have weighed in on TCS. Cormark upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Raymond James raised their price objective on Tecsys from C$45.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, Ventum Financial upped their target price on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th.

Tecsys Stock Performance

The stock has a market capitalization of C$589.62 million, a price-to-earnings ratio of 229.71 and a beta of 0.65. The company’s 50-day simple moving average is C$43.74 and its 200-day simple moving average is C$43.14. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64.

About Tecsys

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.