Tecsys (TSE:TCS) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCSGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.24 and traded as low as C$39.95. Tecsys shares last traded at C$40.47, with a volume of 4,557 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TCS. Ventum Financial lifted their price objective on shares of Tecsys from C$45.00 to C$52.00 in a research report on Friday, December 6th. Raymond James upped their price target on shares of Tecsys from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th.

Get Our Latest Stock Analysis on TCS

Tecsys Stock Up 1.8 %

The firm has a market capitalization of C$596.69 million, a price-to-earnings ratio of 232.47 and a beta of 0.65. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The business has a fifty day moving average price of C$44.36 and a two-hundred day moving average price of C$43.24.

About Tecsys

(Get Free Report)

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.

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