TECSYS (TSE:TCS) Reaches New 1-Year High Following Analyst Upgrade

TECSYS Inc. (TSE:TCS)’s share price reached a new 52-week high during trading on Monday after National Bank Financial raised their price target on the stock from C$18.00 to C$21.00. National Bank Financial currently has an outperform rating on the stock. TECSYS traded as high as C$18.95 and last traded at C$18.82, with a volume of 2725 shares changing hands. The stock had previously closed at C$18.97.

A number of other brokerages have also recently issued reports on TCS. Cormark increased their target price on TECSYS from C$19.00 to C$22.00 in a report on Friday, December 6th. Laurentian increased their target price on TECSYS from C$19.00 to C$23.00 in a report on Friday, December 6th. Finally, Haywood Securities increased their target price on TECSYS from C$18.00 to C$22.25 in a report on Friday, December 6th.

The company has a current ratio of 1.18, a quick ratio of 1.04 and a debt-to-equity ratio of 57.73. The stock has a fifty day moving average price of C$16.33 and a 200-day moving average price of C$14.59. The firm has a market capitalization of $248.17 million and a price-to-earnings ratio of -244.87.

About TECSYS (TSE:TCS)

TECSYS Inc engages in the development, marketing, and sale of supply chain management software for distribution, warehousing, transportation logistics, and point-of-use in Canada, the United States, and internationally. The company offers warehouse management, distribution management, transportation management, and supply management at point-of-use, as well as financial management and analytics solutions; ITopia, a Healthcare Logistics Platform.

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