Tecsys (TSE:TCS) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Tecsys Inc. (TSE:TCS)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$33.31 and traded as high as C$37.39. Tecsys shares last traded at C$36.59, with a volume of 4,071 shares trading hands.

Analyst Ratings Changes

Several research firms have commented on TCS. ATB Cormark Capital Markets upgraded Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a research note on Friday, March 6th. Stifel Nicolaus lowered Tecsys from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$48.00 to C$28.50 in a research note on Thursday, February 12th. National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce cut their price objective on Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$40.30.

Tecsys Trading Down 2.2%

The company’s 50 day moving average price is C$33.31 and its 200 day moving average price is C$30.67. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.19 and a quick ratio of 1.40. The firm has a market cap of C$535.68 million, a PE ratio of 91.48 and a beta of 0.64.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.50 million for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%. As a group, analysts forecast that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.