Tracsis (LON:TRCS) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Tracsis plc (LON:TRCS) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 377.88 and traded as low as GBX 306.50. Tracsis shares last traded at GBX 308.25, with a volume of 11,675 shares traded.

Tracsis Stock Performance

The firm has a fifty day moving average of GBX 327.97 and a 200-day moving average of GBX 377.88. The stock has a market capitalization of £91.70 million, a price-to-earnings ratio of 182.40 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 2.73.

About Tracsis

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.