Tecsys (TSE:TCS) Price Target Cut to C$41.00 by Analysts at Cormark

Tecsys (TSE:TCS) had its price objective lowered by Cormark from C$45.00 to C$41.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Separately, Ventum Cap Mkts upgraded Tecsys to a strong-buy rating in a research report on Monday, June 24th.

Tecsys Stock Performance

Shares of TCS stock opened at C$35.15 on Tuesday. Tecsys has a 12-month low of C$24.31 and a 12-month high of C$40.91. The firm has a market capitalization of C$524.09 million, a price-to-earnings ratio of 251.07 and a beta of 0.68. The business has a 50 day simple moving average of C$35.30 and a 200 day simple moving average of C$35.24. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.47 and a quick ratio of 1.40.

Tecsys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. Tecsys’s dividend payout ratio (DPR) is presently 228.57%.

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.