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

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

Analysts Set New Price Targets

TCS has been the topic of a number of research reports. Ventum Financial raised their target price on shares of Tecsys from C$45.00 to C$52.00 in a research report on Friday, December 6th. Cormark lowered Tecsys from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 9th.

Tecsys Stock Up 0.6 %

The business’s 50-day simple moving average is C$42.63 and its 200 day simple moving average is C$40.23. The firm has a market cap of C$688.47 million, a PE ratio of 459.50 and a beta of 0.65. The company has a current ratio of 1.38, a quick ratio of 1.40 and a debt-to-equity ratio of 2.87.

Insiders Place Their Bets

In other news, Director David Brereton sold 900 shares of Tecsys stock in a transaction that occurred 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 company 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.