Tecsys (TSE:TCS) Hits New 52-Week High – Here’s Why

Tecsys Inc. (TSE:TCS) shares hit a new 52-week high on Tuesday . The stock traded as high as C$45.12 and last traded at C$45.18, with a volume of 12747 shares. The stock had previously closed at C$44.33.

Analyst Upgrades and Downgrades

TCS has been the subject of several analyst reports. Cormark cut shares of Tecsys from a “moderate buy” rating to a “hold” rating in a report on Monday, September 9th. Ventum Financial upped their price target on shares of Tecsys from C$45.00 to C$52.00 in a research report on Friday.

Tecsys Price Performance

The firm has a market cap of C$668.21 million, a PE ratio of 443.30 and a beta of 0.65. The stock’s fifty day moving average price is C$42.21 and its 200-day moving average price is C$39.89. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.40 and a current ratio of 1.38.

Insiders Place Their Bets

In related news, Director David Brereton sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$43.96, for a total value of C$65,940.00. 17.05% of the stock is owned by corporate insiders.

About Tecsys

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.