Tecsys (TSE:TCS) Reaches New 52-Week Low – Should You Sell?

Tecsys Inc. (TSE:TCS)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$31.00 and last traded at C$30.95, with a volume of 25531 shares traded. The stock had previously closed at C$32.10.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$38.00 price target on shares of Tecsys and gave the company a “sector perform” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$45.00.

Tecsys Trading Down 4.5%

The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The company has a market capitalization of C$454.23 million, a P/E ratio of 85.17 and a beta of 1.00. The firm’s 50-day moving average price is C$34.03 and its 200 day moving average price is C$35.86.

Tecsys (TSE:TCS) last released its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.64 million during the quarter. Tecsys had a return on equity of 3.78% and a net margin of 1.49%. As a group, equities research analysts predict that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Insider Buying and Selling at Tecsys

In other Tecsys news, Director David Brereton sold 800 shares of Tecsys stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the sale, the director owned 737,772 shares of the company’s stock, valued at approximately C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Also, insider Briarwood Capital Partners Lp bought 39,400 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of C$34.25 per share, for a total transaction of C$1,349,450.00. Following the completion of the purchase, the insider owned 1,702,565 shares of the company’s stock, valued at approximately C$58,312,851.25. The trade was a 2.37% increase in their ownership of the stock. Over the last ninety days, insiders have sold 2,200 shares of company stock valued at $73,550. Insiders own 17.05% of the company’s stock.

Tecsys Company Profile

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.