Tracsis (LON:TRCS) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tracsis plc (LON:TRCS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 326.96 and traded as low as GBX 310. Tracsis shares last traded at GBX 324, with a volume of 47,636 shares.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 575.

Tracsis Trading Down 0.3%

The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a market cap of £97.23 million, a P/E ratio of 101.71 and a beta of 0.63. The stock’s 50-day moving average is GBX 327.14 and its two-hundred day moving average is GBX 327.28.

Insider Activity at Tracsis

In related news, insider David Frost bought 7,131 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of GBX 351 per share, for a total transaction of £25,029.81. Also, insider Andrew Kelly bought 7,132 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of GBX 351 per share, with a total value of £25,033.32. 15.83% of the stock is owned by company insiders.

About Tracsis

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.