Tracsis (LON:TRCS) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Tracsis plc (LON:TRCS)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 629.14 ($7.82) and traded as low as GBX 497.50 ($6.18). Tracsis shares last traded at GBX 515 ($6.40), with a volume of 88,145 shares changing hands.

Tracsis Trading Down 2.0 %

The business has a 50 day moving average of GBX 575.81 and a 200 day moving average of GBX 626.40. The firm has a market cap of £151.75 million, a price-to-earnings ratio of 3,333.33 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 3.29.

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 issued a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date is Thursday, January 23rd. This is an increase from Tracsis’s previous dividend of $1.10. This represents a dividend yield of 0.2%. Tracsis’s payout ratio is 1,333.33%.

Insider Activity

In related news, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.62), for a total transaction of £20,285.98 ($25,199.98). Also, insider Tracy Sheedy bought 950 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 530 ($6.58) per share, for a total transaction of £5,035 ($6,254.66). 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.