Tracsis plc (LON:TRCS - Get Free Report) shares rose 10.4% during mid-day trading on Wednesday . The stock traded as high as GBX 400 ($5.05) and last traded at GBX 397.50 ($5.02). Approximately 247,057 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 81,483 shares. The stock had previously closed at GBX 360 ($4.55).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,150 ($14.53) price target on shares of Tracsis in a research note on Wednesday.
Check Out Our Latest Stock Report on Tracsis
Tracsis Stock Performance
The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 2.73. The company has a 50 day simple moving average of GBX 441.24 and a 200-day simple moving average of GBX 549.73. The stock has a market capitalization of £128.18 million, a price-to-earnings ratio of 260.72 and a beta of 0.82.
Tracsis (LON:TRCS - Get Free Report) last issued its earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) earnings per share for the quarter. Tracsis had a return on equity of 0.72% and a net margin of 0.60%. As a group, equities research analysts expect that Tracsis plc will post 38.5149202 EPS for the current fiscal year.
Tracsis Increases Dividend
The company also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd were given a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 0.2%. This is a positive change from Tracsis's previous dividend of $1.10. The ex-dividend date was Thursday, January 23rd. Tracsis's dividend payout ratio is presently 123.56%.
Insider Transactions at Tracsis
In related news, insider Tracy Sheedy purchased 950 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of GBX 530 ($6.70) per share, with a total value of £5,035 ($6,361.34). Also, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.73), for a total value of £20,285.98 ($25,629.79). 3.59% of the stock is owned by insiders.
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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