Tracsis (LON:TRCS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Tracsis plc (LON:TRCS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 320.56 and traded as high as GBX 355. Tracsis shares last traded at GBX 353.02, with a volume of 178,693 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 550 target price on shares of Tracsis in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 550.

Tracsis Stock Performance

The stock has a market cap of £105.33 million, a PE ratio of 110.21 and a beta of 0.60. The stock has a fifty day simple moving average of GBX 323.62 and a two-hundred day simple moving average of GBX 320.79. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.98 and a current ratio of 1.90.

Tracsis (LON:TRCS) last released its quarterly earnings results on Tuesday, April 28th. The company reported GBX 10.42 earnings per share for the quarter. The firm had revenue of GBX 3,893 million during the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%. Equities analysts anticipate that Tracsis plc will post 38.5149202 EPS 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.