Tracsis (LON:TRCS) Share Price Passes Below 200-Day Moving Average of $860.32

Tracsis plc (LON:TRCS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 860.32 ($10.63) and traded as low as GBX 831 ($10.26). Tracsis shares last traded at GBX 860 ($10.62), with a volume of 6,366 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,295 ($16.00) target price on shares of Tracsis in a research report on Wednesday.

Tracsis Trading Down 3.0 %

The stock has a market cap of £247.64 million, a P/E ratio of 3,727.27 and a beta of 0.73. The company has a current ratio of 1.52, a quick ratio of 0.98 and a debt-to-equity ratio of 3.08. The company has a 50-day moving average price of GBX 896.85 and a two-hundred day moving average price of GBX 860.75.

Tracsis Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be given a GBX 1.10 ($0.01) dividend. This represents a yield of 0.13%. The ex-dividend date of this dividend is Thursday, May 9th. Tracsis’s dividend payout ratio (DPR) is presently 909.09%.

Insider Buying and Selling at Tracsis

In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total value of £19,909.30 ($24,591.53). In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total value of £19,909.30 ($24,591.53). Also, insider Andrew Kelly sold 9,165 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 920 ($11.36), for a total value of £84,318 ($104,147.73). 4.13% of the stock is currently owned by corporate insiders.

About Tracsis

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.