Tracsis (LON:TRCS) Stock Passes Below 200 Day Moving Average of $789.48

Tracsis plc (LON:TRCS) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 789.48 ($10.54) and traded as low as GBX 600 ($8.01). Tracsis shares last traded at GBX 615 ($8.21), with a volume of 12,383 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on shares of Tracsis from GBX 1,245 ($16.62) to GBX 1,150 ($15.35) and set a “buy” rating for the company in a research note on Thursday, August 29th.

Tracsis Stock Up 2.2 %

The business’s 50 day moving average price is GBX 651.01 and its 200-day moving average price is GBX 789.48. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.78 and a quick ratio of 0.98. The company has a market cap of £186.59 million, a P/E ratio of 4,100.00 and a beta of 0.82.

Tracsis Company Profile

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation 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 optimisation and digital railway.