Tecsys (TSE:TCS) Shares Up 8.6% – Still a Buy?

Tecsys Inc. (TSE:TCS)’s share price was up 8.6% during mid-day trading on Friday . The company traded as high as C$32.00 and last traded at C$31.00. 105,580 shares changed hands during trading, an increase of 488% from the average daily volume of 17,958 shares. The stock had previously closed at C$28.55.

Analyst Upgrades and Downgrades

TCS has been the topic of several analyst reports. National Bank Financial upgraded shares of Tecsys from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. TD Securities raised Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. TD set a C$39.00 target price on Tecsys and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$38.70.

Tecsys Price Performance

The company has a market capitalization of C$438.57 million, a P/E ratio of 112.67 and a beta of 0.84. The business’s 50-day simple moving average is C$32.00 and its 200 day simple moving average is C$32.19. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The business had revenue of C$50.05 million during the quarter. As a group, sell-side analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current year.

Insider Activity

In other news, Director David Brereton sold 1,700 shares of Tecsys stock in a transaction on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the transaction, the director directly owned 714,572 shares in the company, valued at approximately C$23,580,876. This trade represents a 0.24% decrease in their position. In the last 90 days, insiders sold 4,200 shares of company stock worth $133,322. 17.05% of the stock is currently owned by company insiders.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.