Tracsis (LON:TRCS) Hits New 52-Week Low – Here’s What Happened

Tracsis plc (LON:TRCS)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 520 ($6.75) and last traded at GBX 526 ($6.83), with a volume of 62566 shares. The stock had previously closed at GBX 550 ($7.14).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on shares of Tracsis from GBX 1,245 ($16.16) to GBX 1,150 ($14.93) and set a “buy” rating on the stock in a research report on Thursday, August 29th.

Tracsis Price Performance

The firm has a 50 day moving average price of GBX 606.86 and a 200-day moving average price of GBX 733.18. The firm has a market capitalization of £159.64 million, a P/E ratio of 3,510.00 and a beta of 0.82. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 3.29.

Tracsis Company Profile

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.