Tecsys (TSE:TCS) Reaches New 1-Year Low on Analyst Downgrade

Tecsys Inc. (TSE:TCS) shares hit a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus downgraded the stock from a buy rating to a hold rating. Stifel Nicolaus now has a C$28.50 price target on the stock, down from their previous price target of C$48.00. Tecsys traded as low as C$23.31 and last traded at C$23.45, with a volume of 24718 shares changing hands. The stock had previously closed at C$24.01.

Separately, National Bank Financial boosted their target price on Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$38.63.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 800 shares of Tecsys stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the sale, the director directly 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 position. Over the last quarter, insiders sold 2,100 shares of company stock worth $67,521. Insiders own 17.05% of the company’s stock.

Tecsys Stock Performance

The company has a market capitalization of C$342.45 million, a PE ratio of 64.50 and a beta of 0.80. The company has a 50 day moving average of C$29.49 and a two-hundred day moving average of C$33.36. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.12 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.

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.