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Insider Buying: Tracsis plc (LON:TRCS) Insider Acquires 950 Shares of Stock

Tracsis logo with Computer and Technology background

Tracsis plc (LON:TRCS - Get Free Report) insider Tracy Sheedy purchased 950 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of GBX 530 ($6.66) per share, with a total value of £5,035 ($6,330.15).

Tracsis Price Performance

Shares of Tracsis stock traded down GBX 2 ($0.03) on Wednesday, reaching GBX 528 ($6.64). The stock had a trading volume of 12,641 shares, compared to its average volume of 52,748. The business's 50 day moving average is GBX 588.82 and its two-hundred day moving average is GBX 662.23. The company has a market cap of £160.25 million, a P/E ratio of 3,466.67 and a beta of 0.82. Tracsis plc has a 1 year low of GBX 481 ($6.05) and a 1 year high of GBX 980 ($12.32). The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 3.29.

Tracsis Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 23rd will be given a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 0.2%. This is a boost from Tracsis's previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, January 23rd. Tracsis's payout ratio is presently 1,333.33%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on Tracsis from GBX 1,245 ($15.65) to GBX 1,150 ($14.46) and set a "buy" rating on the stock in a research report on Thursday, August 29th.

View Our Latest Report on TRCS

About Tracsis

(Get Free Report)

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.

Further Reading

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