Tecsys (TSE:TCS) Stock Crosses Below 200-Day Moving Average – What’s Next?

Tecsys Inc. (TSE:TCS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.16 and traded as low as C$39.37. Tecsys shares last traded at C$40.45, with a volume of 1,067 shares traded.

Analysts Set New Price Targets

TCS has been the topic of a number of recent research reports. Raymond James increased their target price on Tecsys from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Cormark upgraded Tecsys from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Finally, Ventum Financial boosted their target price on shares of Tecsys from C$45.00 to C$52.00 in a research report on Friday, December 6th.

Tecsys Stock Down 1.1 %

The stock has a 50-day moving average of C$43.74 and a 200-day moving average of C$43.14. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The firm has a market cap of C$589.62 million, a price-to-earnings ratio of 229.71 and a beta of 0.65.

About Tecsys

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.