Insider Buying: Tracsis (LON:TRCS) Insider Buys £25,029.81 in Stock

Tracsis plc (LON:TRCS) insider David Frost acquired 7,131 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of GBX 351 per share, with a total value of £25,029.81.

Tracsis Trading Down 0.0%

Shares of TRCS stock traded down GBX 0.10 on Monday, hitting GBX 340. The stock had a trading volume of 252,592 shares, compared to its average volume of 94,055. The company’s 50 day moving average price is GBX 331 and its 200-day moving average price is GBX 325.66. Tracsis plc has a 1 year low of GBX 280 and a 1 year high of GBX 435. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97. The firm has a market capitalization of £101.25 million, a P/E ratio of 105.92 and a beta of 0.63.

Analyst Ratings Changes

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