Tracsis (LON:TRCS) Shares Up 14.4% – Here’s What Happened

Tracsis plc (LON:TRCSGet Free Report)’s share price shot up 14.4% during mid-day trading on Monday . The company traded as high as GBX 360 ($4.66) and last traded at GBX 354 ($4.58). 160,308 shares changed hands during trading, an increase of 62% from the average session volume of 98,870 shares. The stock had previously closed at GBX 309.31 ($4.00).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,150 ($14.89) price target on shares of Tracsis in a research report on Wednesday, February 19th.

View Our Latest Analysis on TRCS

Tracsis Stock Up 5.2 %

The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of £111.03 million, a PE ratio of 225.84 and a beta of 0.82. The business has a 50-day moving average price of GBX 403.61 and a 200-day moving average price of GBX 527.62.

Tracsis Increases Dividend

The business also recently announced 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. This is a boost from Tracsis’s previous dividend of $1.10. This represents a yield of 0.2%. The ex-dividend date was Thursday, January 23rd. Tracsis’s dividend payout ratio is presently 123.56%.

Insider Transactions at Tracsis

In other news, insider Tracy Sheedy purchased 950 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of GBX 530 ($6.86) per share, for a total transaction of £5,035 ($6,518.64). Insiders own 3.59% of the company’s stock.

Tracsis Company Profile

(Get Free Report)

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

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