Tracsis (LON:TRCS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Tracsis plc (LON:TRCS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 323.82 and traded as high as GBX 330. Tracsis shares last traded at GBX 327, with a volume of 77,201 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price objective on shares of Tracsis in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Tracsis has an average rating of “Buy” and an average price target of GBX 550.

Tracsis Price Performance

The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 6.14. The firm’s 50-day moving average price is GBX 333.09 and its two-hundred day moving average price is GBX 323.82. The stock has a market cap of £97.37 million, a PE ratio of 101.87 and a beta of 0.63.

Tracsis (LON:TRCS) last issued its quarterly earnings data on Tuesday, April 28th. The company reported GBX 10.42 earnings per share (EPS) for the quarter. The company had revenue of GBX 3,893 million for the quarter. Tracsis had a net margin of 1.16% and a return on equity of 1.51%. On average, equities analysts expect that Tracsis plc will post 38.5149202 earnings per share for the current fiscal year.

Tracsis Company Profile

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.