Shares of Tracsis plc (LON:TRCS – Get 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
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
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
- Five stocks we like better than Tracsis
- Best Stocks Under $5.00
- Ramaco Resources Pins Hopes on Coal’s Untapped Potential
- Differences Between Momentum Investing and Long Term Investing
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Why Energy Transfer Belongs on Your Watchlist
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.