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

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several research firms have commented on TCS. Ventum Financial upped their price target on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th. Raymond James upped their target price on Tecsys from C$45.00 to C$50.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th.

Tecsys Price Performance

The stock has a market cap of C$612.91 million, a price-to-earnings ratio of 238.79 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64. The company's 50-day moving average is C$44.31 and its 200-day moving average is C$43.23.

Tecsys Company Profile

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.