TECSYS (TCS) Shares Down 4.2%

TECSYS Inc. (TSE:TCS)’s share price fell 4.2% during mid-day trading on Wednesday . The company traded as low as C$17.01 and last traded at C$17.01. 830 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,357 shares. The stock had previously closed at C$17.75.

A number of research firms have recently issued reports on TCS. Beacon Securities cut TECSYS from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Laurentian upped their price objective on TECSYS from C$16.00 to C$18.25 in a report on Monday, December 4th. Finally, Laurentian Bank of Canada increased their target price on TECSYS from C$16.00 to C$18.25 in a report on Monday, December 4th.

The company has a market cap of $236.14, a price-to-earnings ratio of 30.40 and a beta of 0.82.

TECSYS (TSE:TCS) last issued its earnings results on Thursday, November 30th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.03. TECSYS had a return on equity of 0.77% and a net margin of 0.42%.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 20th. This is a boost from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 1.15%. TECSYS’s dividend payout ratio is currently 23.68%.

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About TECSYS

Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.

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