Cormark Trims Tecsys (TSE:TCS) Target Price to C$41.00

Tecsys (TSE:TCS) had its target price lowered by Cormark from C$45.00 to C$41.00 in a report published on Tuesday, BayStreet.CA reports.

Separately, Ventum Cap Mkts upgraded Tecsys to a strong-buy rating in a report on Monday, June 24th.

Tecsys Stock Down 1.1 %

Shares of TSE TCS opened at C$34.59 on Tuesday. Tecsys has a 12-month low of C$24.31 and a 12-month high of C$40.91. The company has a market cap of C$515.74 million, a P/E ratio of 247.07 and a beta of 0.68. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 3.20. The stock has a fifty day moving average price of C$35.20 and a 200 day moving average price of C$35.24.

Tecsys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.93%. Tecsys’s dividend payout ratio is presently 228.57%.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.