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

Tracsis plc (LON:TRCS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 544.93 ($6.91) and traded as low as GBX 270 ($3.42). Tracsis shares last traded at GBX 375 ($4.76), with a volume of 186,119 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,150 ($14.58) price target on shares of Tracsis in a report on Wednesday, February 19th.

Tracsis Stock Up 2.7 %

The firm has a 50-day simple moving average of GBX 433.06 and a 200 day simple moving average of GBX 544.93. The company has a market capitalization of £116.94 million, a PE ratio of 237.86 and a beta of 0.82. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.64 and a quick ratio of 0.98.

Tracsis Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 23rd were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 23rd. This is a positive change from Tracsis’s previous dividend of $1.10. This represents a yield of 0.2%. Tracsis’s payout ratio is 123.56%.

Insider Buying and Selling at Tracsis

In other Tracsis news, insider Tracy Sheedy bought 950 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 530 ($6.72) per share, with a total value of £5,035 ($6,385.54). Also, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.76), for a total value of £20,285.98 ($25,727.31). 3.59% of the stock is owned by corporate insiders.

About Tracsis

Tracsis plc is a technology company and leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries. The Company’s products and services comprise two principal offerings: Rail Technology and Services, which includes the application of software development and licensing, remote condition monitoring technology, and associated operational and strategic consulting services; and Traffic and Data Services, which includes data capture, analysis and interpretation of traffic and pedestrian movement and demand volumes to aid with the planning, investment into, and operations of a transport environment.