TECSYS (TSE:TCS) Given New C$23.00 Price Target at Laurentian

TECSYS (TSE:TCS) had its price objective upped by equities researchers at Laurentian from C$19.00 to C$23.00 in a report issued on Friday, BayStreet.CA reports. Laurentian’s price objective would suggest a potential upside of 20.61% from the stock’s previous close.

TCS traded up C$0.41 during midday trading on Friday, reaching C$19.07. 9,900 shares of the company’s stock traded hands, compared to its average volume of 6,313. TECSYS has a 52 week low of C$10.30 and a 52 week high of C$19.17. The company has a debt-to-equity ratio of 57.73, a current ratio of 1.18 and a quick ratio of 1.04. The firm has a fifty day moving average of C$15.97 and a two-hundred day moving average of C$14.49. The stock has a market capitalization of $222.39 million and a price-to-earnings ratio of -244.49.

TECSYS (TSE:TCS) last issued its quarterly earnings results on Thursday, September 5th. The company reported C$0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.02) by C$0.03. The company had revenue of C$24.25 million for the quarter, compared to analysts’ expectations of C$23.74 million. Sell-side analysts forecast that TECSYS will post 0.3196559 EPS for the current year.

TECSYS Company Profile

TECSYS Inc engages in the development, marketing, and sale of supply chain management software for distribution, warehousing, transportation logistics, and point-of-use in Canada, the United States, and internationally. The company offers warehouse management, distribution management, transportation management, and supply management at point-of-use, as well as financial management and analytics solutions; ITopia, a Healthcare Logistics Platform.

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