Tracsis (LON:TRCS) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Tracsis plc (LON:TRCS)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 404.68 ($5.46) and traded as low as GBX 390 ($5.26). Tracsis shares last traded at GBX 391 ($5.27), with a volume of 26,262 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price objective on shares of Tracsis in a research report on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 550.

Tracsis Price Performance

The company has a debt-to-equity ratio of 2.73, a current ratio of 1.64 and a quick ratio of 0.98. The firm has a market cap of £115.98 million, a price-to-earnings ratio of 22,941.18 and a beta of 0.82. The business’s 50-day moving average price is GBX 393.98 and its two-hundred day moving average price is GBX 404.68.

About Tracsis

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.