Tecsys (TSE:TCS) Sets New 12-Month High – Here’s Why

Tecsys Inc. (TSE:TCS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$47.51 and last traded at C$47.20, with a volume of 2806 shares. The stock had previously closed at C$46.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Cormark lowered Tecsys from a “moderate buy” rating to a “hold” rating in a report on Monday, September 9th. Ventum Financial upped their price objective on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th.

Tecsys Stock Performance

The company has a debt-to-equity ratio of 2.87, a current ratio of 1.38 and a quick ratio of 1.40. The company has a market capitalization of C$692.17 million, a PE ratio of 470.10 and a beta of 0.65. The stock has a 50-day simple moving average of C$42.52 and a 200 day simple moving average of C$40.15.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 900 shares of Tecsys stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$45.00, for a total value of C$40,500.00. 17.05% of the stock is owned by corporate insiders.

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.