Tracsis (LON:TRCS) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Tracsis (LON:TRCS) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 1,150 ($14.32) price objective on the stock.

Tracsis Trading Down 0.8 %

LON:TRCS opened at GBX 362 ($4.51) on Wednesday. The stock has a fifty day simple moving average of GBX 500.45 and a 200 day simple moving average of GBX 586.05. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of £109.87 million, a price-to-earnings ratio of 2,413.33 and a beta of 0.82. Tracsis has a 1-year low of GBX 360 ($4.48) and a 1-year high of GBX 972 ($12.10).

Tracsis (LON:TRCS) last released its earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) earnings per share for the quarter. Tracsis had a net margin of 5.89% and a return on equity of 7.13%. Sell-side analysts forecast that Tracsis will post 38.5149202 earnings per share for the current year.

Tracsis Increases Dividend

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

Insiders Place Their Bets

In related news, insider Tracy Sheedy purchased 950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of GBX 530 ($6.60) per share, for a total transaction of £5,035 ($6,268.68). Also, insider Christopher Matthew Barnes sold 3,806 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.64), for a total transaction of £20,285.98 ($25,256.45). Corporate insiders own 3.59% of the company’s stock.

Tracsis Company Profile

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.