Tecsys (TSE:TCS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.02 and traded as low as C$40.11. Tecsys shares last traded at C$40.47, with a volume of 630 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TCS shares. Raymond James boosted their target price on Tecsys from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Cormark raised Tecsys from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 19th.

Tecsys Stock Up 1.0 %

The stock has a market capitalization of C$591.83 million, a P/E ratio of 230.57 and a beta of 0.65. The stock’s fifty day moving average is C$42.00 and its two-hundred day moving average is C$43.02. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.