Tecsys (TSE:TCS) Price Target Cut to C$41.00 by Analysts at Cormark

Tecsys (TSE:TCS) had its price target lowered by Cormark from C$45.00 to C$41.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Separately, Ventum Cap Mkts raised shares of Tecsys to a strong-buy rating in a research report on Monday, June 24th.

Tecsys Price Performance

Tecsys stock opened at C$35.50 on Tuesday. Tecsys has a 52-week low of C$24.31 and a 52-week high of C$40.91. The firm has a fifty day moving average of C$35.13 and a 200-day moving average of C$35.27. The firm has a market capitalization of C$529.31 million, a P/E ratio of 253.57 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.90%. Tecsys’s dividend payout ratio (DPR) 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.