Tracsis (LON:TRCS) Share Price Passes Below 200-Day Moving Average of $860.32

Tracsis plc (LON:TRCS)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 860.32 ($10.63) and traded as low as GBX 831 ($10.26). Tracsis shares last traded at GBX 860 ($10.62), with a volume of 6,366 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,295 ($16.00) price target on shares of Tracsis in a report on Wednesday.

Tracsis Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.52 and a debt-to-equity ratio of 3.08. The company’s 50-day moving average is GBX 896.85 and its two-hundred day moving average is GBX 860.75. The company has a market capitalization of £247.64 million, a P/E ratio of 3,727.27 and a beta of 0.73.

Tracsis Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be given a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.13%. The ex-dividend date is Thursday, May 9th. Tracsis’s dividend payout ratio (DPR) is 909.09%.

Insider Buying and Selling

In related news, insider Christopher Matthew Barnes sold 2,237 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of GBX 890 ($10.99), for a total value of £19,909.30 ($24,591.53). In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). Also, insider Andrew Kelly sold 9,165 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 920 ($11.36), for a total transaction of £84,318 ($104,147.73). 4.13% of the stock is owned by company insiders.

About Tracsis

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.