Tracsis (LON:TRCS) Stock Price Passes Above Two Hundred Day Moving Average of $870.08

Tracsis plc (LON:TRCS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 870.08 ($10.93) and traded as high as GBX 919.50 ($11.55). Tracsis shares last traded at GBX 910 ($11.43), with a volume of 60,805 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,295 ($16.27) price objective on shares of Tracsis in a research note on Wednesday, April 24th.

Tracsis Stock Up 0.1 %

The firm’s 50-day moving average price is GBX 887.25 and its 200-day moving average price is GBX 870.08. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.78 and a quick ratio of 0.98. The company has a market cap of £275.30 million, a price-to-earnings ratio of 6,066.67 and a beta of 0.73.

Tracsis Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be issued a dividend of GBX 1.10 ($0.01) per share. This represents a yield of 0.13%. The ex-dividend date of this dividend is Thursday, May 9th. Tracsis’s payout ratio is 1,333.33%.

Insider Buying and Selling at Tracsis

In other Tracsis news, insider Ross Paterson bought 929 shares of Tracsis stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of GBX 860 ($10.80) per share, for a total transaction of £7,989.40 ($10,036.93). In other news, insider Ross Paterson acquired 929 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average cost of GBX 860 ($10.80) per share, with a total value of £7,989.40 ($10,036.93). Also, insider Christopher Matthew Barnes sold 2,237 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($11.18), for a total value of £19,909.30 ($25,011.68). 4.15% of the stock is owned by insiders.

Tracsis Company Profile

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.