Tracsis (LON:TRCS) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Tracsis (LON:TRCS) in a research note published on Wednesday, Marketbeat reports. The brokerage currently has a GBX 1,150 ($14.47) price target on the stock.

Tracsis Trading Up 19.4 %

LON TRCS opened at GBX 430 ($5.41) on Wednesday. Tracsis has a 52 week low of GBX 261 ($3.28) and a 52 week high of GBX 972 ($12.23). The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The stock’s 50 day moving average price is GBX 445.89 and its two-hundred day moving average price is GBX 552.45. The stock has a market capitalization of £130.61 million, a price-to-earnings ratio of 265.66 and a beta of 0.82.

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

Tracsis Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 23rd were paid a GBX 1.30 ($0.02) dividend. This represents a yield of 0.2%. This is an increase from Tracsis’s previous dividend of $1.10. The ex-dividend date of this dividend was Thursday, January 23rd. Tracsis’s dividend payout ratio (DPR) is currently 123.56%.

Insider Transactions at Tracsis

In other news, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.71), for a total transaction of £20,285.98 ($25,526.59). Also, insider Tracy Sheedy bought 950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 530 ($6.67) per share, for a total transaction of £5,035 ($6,335.72). 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.