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Tracsis (LON:TRCS) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Tracsis logo with Computer and Technology background

Tracsis plc (LON:TRCS - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 629.14 ($7.82) and traded as low as GBX 497.50 ($6.18). Tracsis shares last traded at GBX 515 ($6.40), with a volume of 88,145 shares traded.

Tracsis Stock Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.98 and a current ratio of 1.78. The stock's 50 day moving average price is GBX 575.81 and its 200 day moving average price is GBX 626.40. The company has a market capitalization of £151.75 million, a P/E ratio of 3,333.33 and a beta of 0.82.

Tracsis Increases Dividend

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

Insider Transactions at Tracsis

In other Tracsis news, insider Christopher Matthew Barnes sold 3,806 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.62), for a total value of £20,285.98 ($25,199.98). Also, insider Tracy Sheedy purchased 950 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of GBX 530 ($6.58) per share, with a total value of £5,035 ($6,254.66). Corporate insiders own 3.59% of the company's stock.

About Tracsis

(Get Free Report)

Tracsis plc is a technology company and leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries. The Company's products and services comprise two principal offerings: Rail Technology and Services, which includes the application of software development and licensing, remote condition monitoring technology, and associated operational and strategic consulting services; and Traffic and Data Services, which includes data capture, analysis and interpretation of traffic and pedestrian movement and demand volumes to aid with the planning, investment into, and operations of a transport environment.

Further Reading

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