Tracsis’ (TRCS) “Buy” Rating Reaffirmed at Berenberg Bank

Tracsis (LON:TRCS)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 1,150 ($14.31) target price on the stock. Berenberg Bank’s price target points to a potential upside of 216.19% from the company’s previous close.

Tracsis Price Performance

Shares of LON TRCS traded down GBX 14.30 ($0.18) during midday trading on Wednesday, reaching GBX 363.70 ($4.53). 47,548 shares of the stock traded hands, compared to its average volume of 55,982. The company’s 50 day moving average is GBX 506.45 and its 200 day moving average is GBX 587.57. Tracsis has a one year low of GBX 360 ($4.48) and a one year high of GBX 972 ($12.09). The company has a debt-to-equity ratio of 3.29, a current ratio of 1.78 and a quick ratio of 0.98. The stock has a market capitalization of £110.38 million, a PE ratio of 2,424.67 and a beta of 0.82.

Tracsis (LON:TRCS) last announced its quarterly earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a net margin of 5.89% and a return on equity of 7.13%. On average, equities research analysts anticipate that Tracsis will post 38.5149202 earnings per share for the current year.

Insider Activity

In other news, insider Tracy Sheedy acquired 950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 530 ($6.59) per share, for a total transaction of £5,035 ($6,264.78). Also, insider Christopher Matthew Barnes sold 3,806 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.63), for a total transaction of £20,285.98 ($25,240.74). Insiders own 3.59% of the company’s stock.

About Tracsis

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.