Tracsis (LON:TRCS) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Tracsis plc (LON:TRCS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 629.14 ($7.79) and traded as low as GBX 497.50 ($6.16). Tracsis shares last traded at GBX 515 ($6.37), with a volume of 88,145 shares changing hands.

Tracsis Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 3.29. The stock has a 50 day simple moving average of GBX 576.61 and a 200 day simple moving average of GBX 629.14. The company has a market capitalization of £156.30 million, a price-to-earnings ratio of 3,433.33 and a beta of 0.82.

Tracsis Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This is a boost from Tracsis’s previous dividend of $1.10. This represents a dividend yield of 0.2%. Tracsis’s dividend payout ratio is presently 1,333.33%.

Insider Transactions at Tracsis

In other Tracsis news, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.60), for a total value of £20,285.98 ($25,109.52). Also, insider Tracy Sheedy bought 950 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 530 ($6.56) per share, for a total transaction of £5,035 ($6,232.21). Company insiders own 3.59% of the company’s stock.

About Tracsis

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.