Tecsys (TSE:TCS) Hits New 52-Week Low – Time to Sell?

Tecsys Inc. (TSE:TCS) shares hit a new 52-week low during trading on Monday . The company traded as low as C$27.70 and last traded at C$28.21, with a volume of 5074 shares trading hands. The stock had previously closed at C$28.06.

Analysts Set New Price Targets

Separately, National Bankshares set a C$38.00 price target on Tecsys and gave the company a “sector perform” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Tecsys presently has an average rating of “Moderate Buy” and an average price target of C$45.00.

Tecsys Trading Up 0.7%

The firm has a market cap of C$416.78 million, a P/E ratio of 78.50 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The company has a 50 day moving average of C$32.52 and a 200 day moving average of C$34.81.

Tecsys (TSE:TCS) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share for the quarter. Tecsys had a return on equity of 3.78% and a net margin of 1.49%.The firm had revenue of C$48.64 million for the quarter. Analysts predict that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling

In other Tecsys news, insider Briarwood Capital Partners Lp purchased 39,400 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of C$34.25 per share, with a total value of C$1,349,450.00. Following the completion of the transaction, the insider directly owned 1,702,565 shares in the company, valued at C$58,312,851.25. This trade represents a 2.37% increase in their position. Also, Director David Brereton sold 800 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the transaction, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This represents a 0.11% decrease in their ownership of the stock. Insiders sold 2,100 shares of company stock valued at $67,521 in the last quarter. 17.05% of the stock is currently owned by corporate insiders.

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.