Ventum Financial Issues Positive Forecast for Tecsys (TSE:TCS) Stock Price

Tecsys (TSE:TCS - Get Free Report) had its price target boosted by equities research analysts at Ventum Financial from C$45.00 to C$52.00 in a research report issued on Friday,BayStreet.CA reports. Ventum Financial's price objective would indicate a potential upside of 20.65% from the company's current price.

Separately, Cormark downgraded Tecsys from a "moderate buy" rating to a "hold" rating in a research note on Monday, September 9th.

Tecsys Trading Down 1.2 %

Shares of Tecsys stock traded down C$0.54 on Friday, reaching C$43.10. 8,600 shares of the company's stock were exchanged, compared to its average volume of 8,913. The firm's 50-day moving average is C$42.13 and its two-hundred day moving average is C$39.78. The company has a market capitalization of C$637.45 million, a P/E ratio of 431.00 and a beta of 0.65. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.40 and a current ratio of 1.38. Tecsys has a 52 week low of C$29.20 and a 52 week high of C$45.35.

Tecsys (TSE:TCS - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.04). Tecsys had a return on equity of 2.08% and a net margin of 0.86%. The company had revenue of C$42.28 million during the quarter, compared to analyst estimates of C$44.89 million. Sell-side analysts predict that Tecsys will post 0.4600739 EPS for the current fiscal year.

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.