Tracsis (LON:TRCS) Stock Passes Below 200-Day Moving Average of $860.32

Tracsis plc (LON:TRCS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 860.32 ($10.63) and traded as low as GBX 831 ($10.26). Tracsis shares last traded at GBX 860 ($10.62), with a volume of 6,366 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,295 ($16.00) price objective on shares of Tracsis in a report on Thursday, February 22nd.

Tracsis Stock Performance

The firm has a 50 day moving average price of GBX 898.04 and a 200-day moving average price of GBX 860.32. The stock has a market capitalization of £253.83 million, a PE ratio of 3,909.09 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 1.52 and a debt-to-equity ratio of 3.08.

Tracsis Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 25th were given a dividend of GBX 1.20 ($0.01) per share. The ex-dividend date was Thursday, January 25th. This is a positive change from Tracsis’s previous dividend of $1.00. This represents a yield of 0.17%. Tracsis’s dividend payout ratio (DPR) is currently 909.09%.

Insider Activity

In other news, insider Christopher Matthew Barnes sold 2,237 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). In other news, insider Christopher Matthew Barnes sold 2,237 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). Also, insider Andrew Kelly sold 9,165 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 920 ($11.36), for a total value of £84,318 ($104,147.73). Insiders own 4.13% of the company’s stock.

Tracsis Company Profile

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.