Tracsis (LON:TRCS) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Shares of Tracsis plc (LON:TRCS) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 332.33 and traded as low as GBX 310. Tracsis shares last traded at GBX 315.70, with a volume of 20,100 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 575.

Tracsis Stock Performance

The company has a market capitalization of £94.09 million, a PE ratio of 98.35 and a beta of 0.63. The company has a 50 day moving average of GBX 332.58 and a two-hundred day moving average of GBX 332.33. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97.

Insiders Place Their Bets

In other Tracsis news, insider Andrew Kelly purchased 7,132 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of GBX 351 per share, for a total transaction of £25,033.32. Also, insider David Frost purchased 7,131 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of GBX 351 per share, with a total value of £25,029.81. 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.