Tracsis (LON:TRCS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Tracsis plc (LON:TRCS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 321.86 and traded as low as GBX 290. Tracsis shares last traded at GBX 303, with a volume of 34,771 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 550 target price on shares of Tracsis in a report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tracsis currently has an average rating of “Buy” and a consensus price target of GBX 550.

Tracsis Trading Up 4.8%

The firm has a market cap of £93.64 million, a price-to-earnings ratio of 97.98 and a beta of 0.61. The company has a 50-day moving average price of GBX 337.31 and a 200 day moving average price of GBX 321.81. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 6.14.

Tracsis (LON:TRCS) last issued its quarterly earnings results on Tuesday, April 28th. The company reported GBX 10.42 earnings per share for the quarter. The business had revenue of GBX 3,893 million for the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%. As a group, research analysts anticipate that Tracsis plc will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Company Profile

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.