Tracsis (LON:TRCS) Stock Passes Below 200 Day Moving Average of $789.48

Tracsis plc (LON:TRCS)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 789.48 ($10.54) and traded as low as GBX 600 ($8.01). Tracsis shares last traded at GBX 615 ($8.21), with a volume of 12,383 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on shares of Tracsis from GBX 1,245 ($16.62) to GBX 1,150 ($15.35) and set a “buy” rating for the company in a research report on Thursday, August 29th.

Tracsis Trading Up 2.2 %

The firm has a market capitalization of £186.59 million, a price-to-earnings ratio of 4,100.00 and a beta of 0.82. The company has a fifty day moving average price of GBX 651.01 and a 200-day moving average price of GBX 789.48. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 3.29.

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.