Tracsis (LON:TRCS) Shares Cross Below 200 Day Moving Average – Should You Sell?

Tracsis plc (LON:TRCS) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 544.93 ($6.91) and traded as low as GBX 270 ($3.42). Tracsis shares last traded at GBX 375 ($4.76), with a volume of 186,119 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 ($14.58) price target on shares of Tracsis in a research report on Wednesday, February 19th.

Tracsis Stock Performance

The company has a market capitalization of £116.94 million, a PE ratio of 237.86 and a beta of 0.82. The stock has a 50-day simple moving average of GBX 433.06 and a 200 day simple moving average of GBX 544.93. 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 Increases Dividend

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

Insiders Place Their Bets

In related 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 ($6.76), for a total transaction of £20,285.98 ($25,727.31). Also, insider Tracy Sheedy purchased 950 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 530 ($6.72) per share, for a total transaction of £5,035 ($6,385.54). 3.59% of the stock is currently owned by company 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.