Tecsys (TSE:TCS) Sets New 52-Week High – Should You Buy?

Tecsys Inc. (TSE:TCS)’s share price hit a new 52-week high on Monday. The stock traded as high as C$39.51 and last traded at C$39.65, with a volume of 8130 shares. The stock had previously closed at C$39.40.

Analyst Ratings Changes

A number of research firms have recently issued reports on TCS. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD Securities upgraded Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets lifted their price objective on Tecsys from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research report on Monday, September 21st. National Bank Financial boosted their price objective on Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Finally, TD set a C$39.00 target price on Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$38.90.

Tecsys Stock Performance

The firm has a fifty day simple moving average of C$32.93 and a 200-day simple moving average of C$33.26. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. The stock has a market cap of C$571.35 million, a price-to-earnings ratio of 92.16 and a beta of 0.84.

Tecsys (TSE:TCS) last released its earnings results on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%. Analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David Brereton sold 2,400 shares of Tecsys stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the sale, the director directly owned 706,572 shares in the company, valued at C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. Insiders sold 6,100 shares of company stock valued at $189,822 in the last three months. 17.05% of the stock is owned by company insiders.

About Tecsys

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.