Tracsis (LON:TRCS) Shares Pass Below 200-Day Moving Average of $941.46

Tracsis plc (LON:TRCSGet Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 941.46 ($11.66) and traded as low as GBX 910 ($11.27). Tracsis shares last traded at GBX 930 ($11.51), with a volume of 32,132 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRCS shares. Shore Capital reiterated a “hold” rating on shares of Tracsis in a report on Tuesday, November 8th. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($16.71) target price on shares of Tracsis in a report on Wednesday, November 9th.

Tracsis Price Performance

The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.98 and a current ratio of 1.07. The company’s fifty day simple moving average is GBX 955.38 and its two-hundred day simple moving average is GBX 941.92. The stock has a market capitalization of £291.99 million and a PE ratio of 19,600.00.

Tracsis Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 26th will be paid a dividend of GBX 1.10 ($0.01) per share. This is a boost from Tracsis’s previous dividend of $0.90. This represents a dividend yield of 0.12%. The ex-dividend date is Thursday, January 26th. Tracsis’s dividend payout ratio (DPR) is currently 18.00%.

Insiders Place Their Bets

In other news, insider Liz Richards purchased 2,873 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were bought at an average cost of GBX 870 ($10.77) per share, with a total value of £24,995.10 ($30,946.02). In other news, insider Christopher Matthew Barnes sold 8,920 shares of Tracsis stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of GBX 953 ($11.80), for a total transaction of £85,007.60 ($105,246.50). Also, insider Liz Richards purchased 2,873 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average price of GBX 870 ($10.77) per share, with a total value of £24,995.10 ($30,946.02).

Tracsis Company Profile

(Get Rating)

Tracsis plc, together with its subsidiaries, provides software and hardware products, and consultancy services for the rail industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset visualisation and digital railway.

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