Tecsys (TSE:TCS) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCS)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$43.24 and traded as low as C$39.95. Tecsys shares last traded at C$40.47, with a volume of 4,557 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TCS. Ventum Financial raised their price objective on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th. Raymond James raised their price objective on Tecsys from C$45.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, March 6th.

Tecsys Stock Performance

The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The firm has a fifty day simple moving average of C$44.36 and a 200 day simple moving average of C$43.24. The company has a market capitalization of C$596.69 million, a price-to-earnings ratio of 232.47 and a beta of 0.65.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.