Tracsis (LON:TRCS) Stock Price Up 10.4% – Still a Buy?

Tracsis plc (LON:TRCS)’s share price traded up 10.4% on Wednesday . The stock traded as high as GBX 400 ($5.07) and last traded at GBX 397.50 ($5.04). 247,057 shares changed hands during trading, an increase of 203% from the average session volume of 81,483 shares. The stock had previously closed at GBX 360 ($4.56).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,150 ($14.57) price target on shares of Tracsis in a report on Wednesday.

Tracsis Stock Performance

The stock has a market capitalization of £126.23 million, a PE ratio of 256.75 and a beta of 0.82. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The firm’s 50 day moving average is GBX 443.47 and its two-hundred day moving average is GBX 551.08.

Tracsis (LON:TRCS) last announced its quarterly earnings data on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. As a group, research analysts predict that Tracsis plc will post 38.5149202 earnings per share for the current year.

Tracsis Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 23rd were issued a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date was Thursday, January 23rd. This represents a yield of 0.2%. This is a boost from Tracsis’s previous dividend of $1.10. Tracsis’s dividend payout ratio (DPR) is presently 123.56%.

Insider Transactions at Tracsis

In other news, insider Tracy Sheedy purchased 950 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of GBX 530 ($6.72) per share, for a total transaction of £5,035 ($6,379.88). Also, insider Christopher Matthew Barnes sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.75), for a total value of £20,285.98 ($25,704.49). Insiders own 3.59% of the company’s stock.

About Tracsis

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.