Insider Buying: Tracsis (LON:TRCS) Insider Buys £25,033.32 in Stock

Tracsis plc (LON:TRCS) insider Andrew Kelly acquired 7,132 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average price of GBX 351 per share, with a total value of £25,033.32.

Tracsis Stock Down 5.0%

Shares of LON TRCS opened at GBX 325.50 on Thursday. The stock has a market cap of £96.93 million, a PE ratio of 101.40 and a beta of 0.63. The business has a fifty day moving average of GBX 329.66 and a two-hundred day moving average of GBX 326.50. Tracsis plc has a 52-week low of GBX 280 and a 52-week high of GBX 435. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.97 and a current ratio of 1.90.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on shares of Tracsis from GBX 550 to GBX 575 and gave the company a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 575.

Tracsis Company Profile

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.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.