Tracsis plc (LON:TRCS – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 332.14 and traded as low as GBX 312. Tracsis shares last traded at GBX 312.65, with a volume of 16,685 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised their price target on Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 575.
Check Out Our Latest Stock Report on TRCS
Tracsis Price Performance
Insider Transactions at Tracsis
In other Tracsis news, insider David Frost bought 7,131 shares of the stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of GBX 351 per share, with a total value of £25,029.81. Also, insider Andrew Kelly bought 7,132 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of GBX 351 per share, with a total value of £25,033.32. Insiders own 15.96% of the company’s stock.
Tracsis Company Profile
Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.
Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.
The Group is split into two principal operating areas built around detailed industry knowledge and expertise:
Rail Technology & Services: A software, technology and product led business.
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