Tecsys (TSE:TCS) Sets New 12-Month High at $40.07

Tecsys Inc. (TSE:TCS)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$40.07 and last traded at C$40.06, with a volume of 2689 shares changing hands. The stock had previously closed at C$39.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TCS shares. Cormark lowered their target price on shares of Tecsys from C$45.00 to C$41.00 in a research note on Tuesday, July 2nd. Ventum Cap Mkts raised Tecsys to a “strong-buy” rating in a research note on Monday, June 24th.

Tecsys Stock Performance

The company’s 50 day moving average is C$35.64 and its 200-day moving average is C$36.05. The firm has a market capitalization of C$599.53 million, a P/E ratio of 287.21 and a beta of 0.68. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 3.20.

Tecsys (TSE:TCS) last issued its earnings results on Thursday, June 27th. The company reported C$0.15 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.10. The business had revenue of C$43.96 million during the quarter, compared to analyst estimates of C$44.57 million. Tecsys had a return on equity of 2.86% and a net margin of 1.21%. As a group, equities analysts anticipate that Tecsys Inc. will post 0.6084125 EPS for the current year.

Tecsys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, July 12th. Tecsys’s payout ratio is presently 228.57%.

Tecsys Company Profile

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.