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Tecsys (TSE:TCS) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Tecsys logo with Computer and Technology background
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Tecsys Inc. (TSE:TCS - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$43.24 and traded as low as C$39.95. Tecsys shares last traded at C$40.47, with a volume of 4,557 shares trading hands.

Wall Street Analysts Forecast Growth

TCS has been the subject of several research analyst reports. Cormark raised Tecsys from a "hold" rating to a "moderate buy" rating in a report on Wednesday. Ventum Financial boosted their price target on Tecsys from C$45.00 to C$52.00 in a research note on Friday, December 6th. Finally, Raymond James increased their price objective on shares of Tecsys from C$45.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th.

View Our Latest Report on TCS

Tecsys Stock Performance

The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The firm's 50-day moving average price is C$44.25 and its 200-day moving average price is C$43.21. The stock has a market cap of C$589.17 million, a P/E ratio of 229.54 and a beta of 0.65.

About Tecsys

(Get Free Report)

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.

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