Tecsys (TSE:TCS) Share Price Passes Below 200 Day Moving Average – What’s Next?

Tecsys Inc. (TSE:TCS)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$43.16 and traded as low as C$39.37. Tecsys shares last traded at C$40.45, with a volume of 1,067 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TCS. Ventum Financial raised their target price on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th. Cormark raised Tecsys from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Finally, Raymond James increased their target price on shares of Tecsys from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th.

Tecsys Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64. The stock has a 50 day simple moving average of C$43.85 and a 200-day simple moving average of C$43.16. The firm has a market cap of C$596.40 million, a PE ratio of 232.35 and a beta of 0.65.

About Tecsys

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.