Tecsys (TSE:TCS) Downgraded to “Hold” Rating by Stifel Nicolaus

Tecsys (TSE:TCS) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$28.50 price target on the stock, down from their prior price target of C$48.00. Stifel Nicolaus’ target price points to a potential upside of 22.37% from the company’s previous close.

Separately, National Bank Financial raised their target price on Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$38.63.

Tecsys Stock Performance

Shares of TCS stock traded down C$0.72 during trading on Thursday, hitting C$23.29. The company’s stock had a trading volume of 26,418 shares, compared to its average volume of 34,231. The company has a market cap of C$343.48 million, a PE ratio of 64.69 and a beta of 0.80. The business has a fifty day moving average of C$29.49 and a 200-day moving average of C$33.36. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64. Tecsys has a 52 week low of C$23.29 and a 52 week high of C$47.48.

Tecsys (TSE:TCS) last released its earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$48.64 million for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. As a group, research analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current year.

Insider Transactions at Tecsys

In other news, Director David Brereton sold 800 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the transaction, the director directly owned 737,772 shares in the company, valued at C$24,147,277.56. The trade was a 0.11% decrease in their position. In the last 90 days, insiders have sold 2,100 shares of company stock valued at $67,521. Corporate insiders own 17.05% of the company’s stock.

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.