Tecsys (TSE:TCS) Hits New 12-Month Low – What’s Next?

Tecsys Inc. (TSE:TCS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$27.75 and last traded at C$27.67, with a volume of 4632 shares traded. The stock had previously closed at C$27.02.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their target price on shares of Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$42.00.

Tecsys Stock Performance

The firm has a fifty day simple moving average of C$31.83 and a 200-day simple moving average of C$34.40. The stock has a market cap of C$404.83 million, a price-to-earnings ratio of 76.25 and a beta of 0.95. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.64 million for the quarter. Tecsys had a return on equity of 3.78% and a net margin of 1.49%. Analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Insider Transactions at Tecsys

In other news, Director David Brereton sold 800 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the sale, the director directly owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This represents a 0.11% decrease in their position. Also, insider Briarwood Capital Partners Lp bought 39,400 shares of the stock in a transaction on Thursday, November 13th. The stock was purchased at an average cost of C$34.25 per share, with a total value of C$1,349,450.00. Following the purchase, the insider directly owned 1,702,565 shares of the company’s stock, valued at approximately C$58,312,851.25. This represents a 2.37% increase in their position. In the last 90 days, insiders have sold 2,100 shares of company stock worth $67,521. Company insiders own 17.05% of the company’s stock.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.