Insider Buying: Tracsis plc (LON:TRCS) Insider Buys 950 Shares of Stock

Tracsis plc (LON:TRCS) insider Tracy Sheedy bought 950 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 530 ($6.74) per share, with a total value of £5,035 ($6,400.97).

Tracsis Stock Performance

Shares of TRCS stock opened at GBX 530 ($6.74) on Wednesday. The company has a market capitalization of £160.86 million, a P/E ratio of 3,533.33 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. The business’s 50 day moving average is GBX 588.99 and its two-hundred day moving average is GBX 663.15. Tracsis plc has a twelve month low of GBX 481 ($6.11) and a twelve month high of GBX 980 ($12.46).

Tracsis Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 23rd will be paid a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 0.2%. This is a positive change from Tracsis’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, January 23rd. Tracsis’s payout ratio is 1,333.33%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on Tracsis from GBX 1,245 ($15.83) to GBX 1,150 ($14.62) and set a “buy” rating on the stock in a research note on Thursday, August 29th.

About Tracsis

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.