Tecsys (TSE:TCS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tecsys Inc. (TSE:TCS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.24 and traded as low as C$39.95. Tecsys shares last traded at C$40.47, with a volume of 4,557 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TCS. Raymond James lifted their target price on Tecsys from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Ventum Financial lifted their target price on Tecsys from C$45.00 to C$52.00 in a research report on Friday, December 6th.

Tecsys Stock Up 3.7 %

The company has a market capitalization of C$626.62 million, a PE ratio of 244.13 and a beta of 0.65. 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 company has a 50-day moving average of C$44.31 and a two-hundred day moving average of C$43.23.

About Tecsys

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.