Tracsis (LON:TRCS) Shares Pass Below 200-Day Moving Average – Here’s Why

Tracsis plc (LON:TRCS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 713.55 ($9.18) and traded as low as GBX 673.50 ($8.67). Tracsis shares last traded at GBX 700 ($9.01), with a volume of 38,342 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on shares of Tracsis from GBX 1,245 ($16.02) to GBX 1,150 ($14.80) and set a “buy” rating on the stock in a research note on Thursday, August 29th.

Tracsis Stock Performance

The company has a market cap of £209.42 million, a price-to-earnings ratio of 4,666.67 and a beta of 0.82. 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 firm has a fifty day simple moving average of GBX 602.09 and a 200 day simple moving average of GBX 713.55.

About Tracsis

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.