Tracsis (LON:TRCS) Reaches New 1-Year Low – Here’s What Happened

Shares of Tracsis plc (LON:TRCS) reached a new 52-week low on Wednesday . The stock traded as low as GBX 470 ($5.74) and last traded at GBX 480 ($5.86), with a volume of 68829 shares changing hands. The stock had previously closed at GBX 495 ($6.04).

Tracsis Price Performance

The company has a 50-day moving average of GBX 572.75 and a 200 day moving average of GBX 617.18. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.98 and a current ratio of 1.78. The firm has a market cap of £136.27 million, a P/E ratio of 2,993.33 and a beta of 0.82.

Tracsis Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 23rd will be issued a GBX 1.30 ($0.02) dividend. This represents a dividend yield of 0.2%. This is a boost from Tracsis’s previous dividend of $1.10. The ex-dividend date is Thursday, January 23rd. Tracsis’s payout ratio is currently 1,333.33%.

Insider Activity

In other Tracsis news, insider Christopher Matthew Barnes sold 3,806 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.51), for a total value of £20,285.98 ($24,769.21). Also, insider Tracy Sheedy acquired 950 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 530 ($6.47) per share, for a total transaction of £5,035 ($6,147.74). 3.59% of the stock is owned by insiders.

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.