Tecsys (TSE:TCS) Hits New 12-Month Low After Analyst Downgrade

Tecsys Inc. (TSE:TCS)’s share price reached a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus downgraded the stock from a buy rating to a hold rating. Stifel Nicolaus now has a C$28.50 price target on the stock, down from their previous price target of C$48.00. Tecsys traded as low as C$23.31 and last traded at C$23.45, with a volume of 24718 shares trading hands. The stock had previously closed at C$24.01.

Separately, National Bank Financial lifted their target price on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tecsys presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.63.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 800 shares of Tecsys 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 sale, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. The trade was a 0.11% decrease in their position. In the last 90 days, insiders sold 2,100 shares of company stock valued at $67,521. Company insiders own 17.05% of the company’s stock.

Tecsys Price Performance

The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The stock has a 50 day simple moving average of C$29.09 and a two-hundred day simple moving average of C$33.19. The company has a market cap of C$343.78 million, a price-to-earnings ratio of 64.75 and a beta of 0.80.

Tecsys (TSE:TCS) last issued its earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.64 million during the quarter. Tecsys had a return on equity of 3.78% and a net margin of 1.49%. On average, equities research analysts predict that Tecsys Inc. will post 0.4600739 earnings per share 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.