Tecsys (TSE:TCS) Raised to “Moderate Buy” at Cormark

Cormark upgraded shares of Tecsys (TSE:TCS) from a hold rating to a moderate buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on TCS. Raymond James increased their target price on shares of Tecsys from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Ventum Financial raised their price objective on shares of Tecsys from C$45.00 to C$52.00 in a research report on Friday, December 6th.

Tecsys Trading Down 3.8 %

Shares of Tecsys stock opened at C$40.25 on Wednesday. The stock has a market capitalization of C$593.45 million, a P/E ratio of 231.20 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The company has a 50-day simple moving average of C$44.18 and a 200 day simple moving average of C$43.19. Tecsys has a 12-month low of C$32.00 and a 12-month high of C$47.51.

About Tecsys

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.