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Tecsys (TSE:TCS) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Tecsys logo with Computer and Technology background

Tecsys Inc. (TSE:TCS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.02 and traded as low as C$39.48. Tecsys shares last traded at C$39.95, with a volume of 3,779 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on TCS. Cormark upgraded Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th. Raymond James raised their target price on 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 Tecsys

Tecsys Price Performance

The firm has a market capitalization of C$589.03 million, a PE ratio of 229.48 and a beta of 0.65. 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 business's 50 day moving average is C$41.49 and its two-hundred day moving average is C$43.02.

Tecsys Company Profile

(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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