Tracsis (LON:TRCS) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Tracsis (LON:TRCS) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 1,295 ($16.00) price target on the stock.

Tracsis Price Performance

LON:TRCS opened at GBX 830 ($10.25) on Wednesday. The business’s 50-day moving average is GBX 893.17 and its 200 day moving average is GBX 860.26. The company has a current ratio of 1.52, a quick ratio of 0.98 and a debt-to-equity ratio of 3.08. Tracsis has a 12 month low of GBX 690 ($8.52) and a 12 month high of GBX 1,030 ($12.72). The company has a market capitalization of £250.66 million, a P/E ratio of 3,772.73 and a beta of 0.73.

Tracsis Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 0.13%. Tracsis’s payout ratio is currently 909.09%.

Insiders Place Their Bets

In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). In other news, insider Christopher Matthew Barnes sold 2,237 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). Also, insider Andrew Kelly sold 9,165 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 920 ($11.36), for a total value of £84,318 ($104,147.73). 4.13% of the stock is currently owned by insiders.

About Tracsis

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.