TECSYS (TCS) Trading 2.9% Higher

TECSYS Inc. (TSE:TCS)’s share price traded up 2.9% during mid-day trading on Thursday . The stock traded as high as C$17.86 and last traded at C$17.50. 1,400 shares were traded during mid-day trading, a decline of 67% from the average session volume of 4,226 shares. The stock had previously closed at C$17.01.

A number of brokerages have recently weighed in on TCS. Beacon Securities lowered TECSYS from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Laurentian boosted their price target on TECSYS from C$16.00 to C$18.25 in a research note on Monday, December 4th. Finally, Laurentian Bank of Canada boosted their price target on TECSYS from C$16.00 to C$18.25 in a research note on Monday, December 4th.

The stock has a market capitalization of $236.14, a P/E ratio of 31.33 and a beta of 0.82.

TECSYS (TSE:TCS) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.07 by C$0.03. TECSYS had a return on equity of 0.77% and a net margin of 0.42%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.05 per share. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. TECSYS’s payout ratio is presently 23.68%.

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Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.

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