Tracsis’ (TRCS) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tracsis (LON:TRCS) in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 1,150 ($14.53) price objective on the stock.

Tracsis Trading Up 1.7 %

Shares of Tracsis stock opened at GBX 422 ($5.33) on Wednesday. The stock has a market cap of £128.18 million, a PE ratio of 260.72 and a beta of 0.82. The firm has a fifty day moving average price of GBX 441.24 and a 200 day moving average price of GBX 549.73. Tracsis has a 1 year low of GBX 261 ($3.30) and a 1 year high of GBX 972 ($12.28). The company has a debt-to-equity ratio of 2.73, a current ratio of 1.64 and a quick ratio of 0.98.

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

Tracsis Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 23rd were issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This is an increase from Tracsis’s previous dividend of $1.10. This represents a yield of 0.2%. Tracsis’s payout ratio is presently 123.56%.

Insider Transactions at Tracsis

In other news, insider Tracy Sheedy bought 950 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 530 ($6.70) per share, with a total value of £5,035 ($6,361.34). Also, insider Christopher Matthew Barnes sold 3,806 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.73), for a total value of £20,285.98 ($25,629.79). Corporate insiders own 3.59% of the company’s stock.

About Tracsis

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.