Tracsis (LON:TRCS) Trading Up 14.4% – Time to Buy?

Shares of Tracsis plc (LON:TRCSGet Free Report) shot up 14.4% during trading on Monday . The company traded as high as GBX 360 ($4.66) and last traded at GBX 354 ($4.58). 160,308 shares were traded during trading, an increase of 62% from the average session volume of 98,870 shares. The stock had previously closed at GBX 309.31 ($4.00).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 ($14.89) price target on shares of Tracsis in a report on Wednesday, February 19th.

Read Our Latest Research Report on TRCS

Tracsis Stock Performance

The firm has a fifty day moving average price of GBX 403.61 and a 200 day moving average price of GBX 527.62. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The stock has a market cap of £111.03 million, a PE ratio of 225.84 and a beta of 0.82.

Tracsis Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 0.2%. This is a boost from Tracsis’s previous dividend of $1.10. The ex-dividend date was Thursday, January 23rd. Tracsis’s payout ratio is presently 123.56%.

Insider Transactions at Tracsis

In other Tracsis news, insider Tracy Sheedy purchased 950 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of GBX 530 ($6.86) per share, for a total transaction of £5,035 ($6,518.64). Company insiders own 3.59% of the company’s stock.

Tracsis Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Tracsis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tracsis and related companies with MarketBeat.com's FREE daily email newsletter.