Berenberg Bank Reaffirms Buy Rating for Tracsis (LON:TRCS)

Berenberg Bank reaffirmed their buy rating on shares of Tracsis (LON:TRCS) in a report released on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 1,150 ($14.47) target price on the stock.

Tracsis Trading Up 19.4 %

Shares of Tracsis stock opened at GBX 430 ($5.41) on Wednesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The firm has a 50-day moving average of GBX 445.89 and a 200-day moving average of GBX 552.45. Tracsis has a 52-week low of GBX 261 ($3.28) and a 52-week high of GBX 972 ($12.23). The stock has a market cap of £130.61 million, a PE ratio of 265.66 and a beta of 0.82.

Tracsis (LON:TRCS) last posted its quarterly earnings data on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) earnings per share (EPS) for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. As a group, sell-side analysts forecast that Tracsis will post 38.5149202 EPS for the current year.

Tracsis Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 23rd were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 0.2%. This is an increase from Tracsis’s previous dividend of $1.10. Tracsis’s dividend payout ratio is currently 123.56%.

Insider Buying and Selling at Tracsis

In related news, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.71), for a total transaction of £20,285.98 ($25,526.59). Also, insider Tracy Sheedy acquired 950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 530 ($6.67) per share, for a total transaction of £5,035 ($6,335.72). Insiders own 3.59% of the company’s stock.

About Tracsis

Tracsis plc is a technology company and leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries. The Company’s products and services comprise two principal offerings: Rail Technology and Services, which includes the application of software development and licensing, remote condition monitoring technology, and associated operational and strategic consulting services; and Traffic and Data Services, which includes data capture, analysis and interpretation of traffic and pedestrian movement and demand volumes to aid with the planning, investment into, and operations of a transport environment.