Tecsys (TSE:TCS) Posts Quarterly Earnings Results

Tecsys (TSE:TCS) posted its quarterly earnings data on Monday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%.

Tecsys Trading Down 10.6%

Tecsys stock opened at C$31.48 on Wednesday. Tecsys has a 1 year low of C$22.51 and a 1 year high of C$40.29. The firm’s 50 day moving average price is C$35.62 and its 200-day moving average price is C$30.88. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.19 and a quick ratio of 1.40. The stock has a market cap of C$460.87 million, a P/E ratio of 78.70 and a beta of 0.81.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$40.00 to C$46.00 in a report on Wednesday, May 27th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Finally, ATB Cormark Capital Markets upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective on the stock in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.62.

Insider Buying and Selling at Tecsys

In related news, Director David Brereton sold 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$36.47, for a total transaction of C$36,470.00. Following the completion of the transaction, the director directly owned 719,272 shares of the company’s stock, valued at approximately C$26,231,849.84. This trade represents a 0.14% decrease in their ownership of the stock. Insiders have sold a total of 2,300 shares of company stock worth $83,419 in the last three months. 17.05% of the stock is currently owned by corporate insiders.

About Tecsys

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.