Tracsis (LON:TRCS) Hits New 1-Year Low – What’s Next?

Tracsis plc (LON:TRCS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 261 ($3.24) and last traded at GBX 360 ($4.47), with a volume of 137799 shares traded. The stock had previously closed at GBX 365 ($4.53).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 ($14.28) price objective on shares of Tracsis in a research report on Wednesday.

Tracsis Stock Down 1.4 %

The stock’s 50 day moving average is GBX 500.45 and its 200 day moving average is GBX 586.05. The company has a market capitalization of £109.26 million, a PE ratio of 2,400.00 and a beta of 0.82. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.98 and a current ratio of 1.78.

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

Tracsis Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 23rd will be paid a GBX 1.30 ($0.02) dividend. This is an increase from Tracsis’s previous dividend of $1.10. This represents a yield of 0.2%. The ex-dividend date is Thursday, January 23rd. Tracsis’s dividend payout ratio (DPR) is currently 1,333.33%.

Insiders Place Their Bets

In other Tracsis news, insider Tracy Sheedy acquired 950 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 530 ($6.58) per share, with a total value of £5,035 ($6,253.10). Also, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.62), for a total transaction of £20,285.98 ($25,193.72). Corporate insiders own 3.59% of the company’s stock.

Tracsis Company Profile

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.