Tracsis (LON:TRCS) Stock Price Up 10.4% – Time to Buy?

Tracsis plc (LON:TRCS) was up 10.4% during trading on Wednesday . The stock traded as high as GBX 400 ($5.07) and last traded at GBX 397.50 ($5.04). Approximately 247,057 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 81,483 shares. The stock had previously closed at GBX 360 ($4.56).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,150 ($14.57) price objective on shares of Tracsis in a report on Wednesday.

Tracsis Stock Up 0.1 %

The firm has a 50 day moving average of GBX 443.47 and a two-hundred day moving average of GBX 551.08. The stock has a market capitalization of £126.23 million, a PE ratio of 256.75 and a beta of 0.82. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 2.73.

Tracsis (LON:TRCS) last announced its earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a return on equity of 0.72% and a net margin of 0.60%. Equities research analysts anticipate that Tracsis plc will post 38.5149202 earnings per share for the current year.

Tracsis Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd were paid a GBX 1.30 ($0.02) dividend. This is a positive change from Tracsis’s previous dividend of $1.10. This represents a dividend yield of 0.2%. The ex-dividend date was Thursday, January 23rd. Tracsis’s payout ratio is currently 123.56%.

Insider Activity at Tracsis

In other news, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.75), for a total value of £20,285.98 ($25,704.49). Also, insider Tracy Sheedy acquired 950 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 530 ($6.72) per share, for a total transaction of £5,035 ($6,379.88). 3.59% of the stock is currently owned by insiders.

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.