Tracsis (LON:TRCS) Reaches New 52-Week Low – What’s Next?

Tracsis plc (LON:TRCS)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 470 ($5.86) and last traded at GBX 480 ($5.99), with a volume of 68829 shares trading hands. The stock had previously closed at GBX 495 ($6.18).

Tracsis Stock Performance

The firm has a market cap of £145.68 million, a price-to-earnings ratio of 3,200.00 and a beta of 0.82. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.78 and a quick ratio of 0.98. The firm has a fifty day simple moving average of GBX 575.52 and a two-hundred day simple moving average of GBX 620.44.

Tracsis Increases Dividend

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

Insider Buying and Selling

In related news, insider Christopher Matthew Barnes sold 3,806 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.65), for a total transaction of £20,285.98 ($25,306.86). Also, insider Tracy Sheedy purchased 950 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 530 ($6.61) per share, for a total transaction of £5,035 ($6,281.19). 3.59% of the stock is currently owned by company insiders.

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.