Tracsis (LON:TRCS) Hits New 52-Week Low – Time to Sell?

Shares of Tracsis plc (LON:TRCS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 261 ($3.24) and last traded at GBX 360 ($4.47), with a volume of 137799 shares trading hands. The stock had previously closed at GBX 365 ($4.53).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 ($14.28) price target on shares of Tracsis in a report on Wednesday.

Tracsis Stock Performance

The company’s fifty day simple moving average is GBX 500.45 and its two-hundred day simple moving average is GBX 586.05. 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 stock has a market capitalization of £109.26 million, a P/E ratio of 2,400.00 and a beta of 0.82.

Tracsis (LON:TRCS) last released its quarterly earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) earnings per share for the quarter. Tracsis had a net margin of 5.89% and a return on equity of 7.13%. As a group, equities analysts forecast that Tracsis plc will post 38.5149202 EPS for the current year.

Tracsis Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd will be issued a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date is Thursday, January 23rd. This is an increase from Tracsis’s previous dividend of $1.10. This represents a dividend yield of 0.2%. Tracsis’s dividend payout ratio is 1,333.33%.

Insider Transactions at Tracsis

In related news, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.62), for a total transaction of £20,285.98 ($25,193.72). Also, insider Tracy Sheedy purchased 950 shares of Tracsis stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 530 ($6.58) per share, with a total value of £5,035 ($6,253.10). Company insiders own 3.59% of the company’s stock.

Tracsis Company Profile

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.