Tecsys (TSE:TCS) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Tecsys Inc. (TSE:TCS) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.02 and traded as low as C$40.11. Tecsys shares last traded at C$40.47, with a volume of 630 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James raised their price objective 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. Cormark upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 19th.

Tecsys Trading Up 0.9 %

The business has a fifty day moving average price of C$42.11 and a two-hundred day moving average price of C$43.02. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of C$596.69 million, a PE ratio of 232.47 and a beta of 0.65.

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.