Tracsis’ (TRCS) Buy Rating Reiterated at Berenberg Bank

Tracsis (LON:TRCS)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 1,150 ($14.31) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 216.19% from the stock’s previous close.

Tracsis Stock Performance

Shares of LON TRCS traded down GBX 14.30 ($0.18) during mid-day trading on Wednesday, hitting GBX 363.70 ($4.53). The stock had a trading volume of 47,548 shares, compared to its average volume of 55,982. The firm has a market cap of £110.38 million, a PE ratio of 2,424.67 and a beta of 0.82. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.98 and a current ratio of 1.78. The company has a 50 day moving average of GBX 506.45 and a two-hundred day moving average of GBX 587.57. Tracsis has a twelve month low of GBX 360 ($4.48) and a twelve month high of GBX 972 ($12.09).

Tracsis (LON:TRCS) last issued its earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a return on equity of 7.13% and a net margin of 5.89%. Research analysts predict that Tracsis will post 38.5149202 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Tracy Sheedy acquired 950 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 530 ($6.59) per share, for a total transaction of £5,035 ($6,264.78). Also, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.63), for a total transaction of £20,285.98 ($25,240.74). 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.