Tecsys (TSE:TCS) Stock Price Up 8.6% – What’s Next?

Tecsys Inc. (TSE:TCS) shares shot up 8.6% during trading on Friday . The stock traded as high as C$32.00 and last traded at C$31.00. 105,580 shares changed hands during trading, an increase of 488% from the average daily volume of 17,958 shares. The stock had previously closed at C$28.55.

Analysts Set New Price Targets

TCS has been the topic of several recent research reports. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. TD set a C$39.00 price objective on Tecsys and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tecsys has an average rating of “Buy” and an average price target of C$38.70.

Tecsys Trading Up 8.5%

The company has a market cap of C$446.78 million, a P/E ratio of 114.78 and a beta of 0.84. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.49. The business has a 50 day moving average price of C$32.01 and a 200-day moving average price of C$32.20.

Tecsys (TSE:TCS) last released its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%.The company had revenue of C$50.05 million during the quarter. Analysts forecast that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.

Insider Transactions at Tecsys

In other Tecsys news, Director David Brereton sold 1,700 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of C$33.00, for a total value of C$56,100.00. Following the completion of the sale, the director owned 714,572 shares in the company, valued at C$23,580,876. This trade represents a 0.24% decrease in their ownership of the stock. Insiders have sold 4,200 shares of company stock worth $133,322 over the last 90 days. Corporate insiders own 17.05% of the company’s stock.

Tecsys Company Profile

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.