The stock of Tracsis Plc (LON:TRCS) gapped down by GBX 5.1 today and has GBX 432.58 target or 14.00% below today’s GBX 503.00 share price. The 5 months technical chart setup indicates high risk for the GBX 141.39 million company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 432.58 price target is reached, the company will be worth GBX 19.79 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock increased 1.11% or GBX 5.5 on November 10, hitting GBX 503. About 9,870 shares traded hands. Tracsis Plc (LON:TRCS) has declined 0.99% since April 13, 2016 and is downtrending. It has underperformed by 6.63% the S&P500.
Tracsis Plc (LON:TRCS) Ratings Coverage
Out of 2 analysts covering Tracsis PLC (LON:TRCS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tracsis PLC has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, September 28 by Investec. The stock of Tracsis Plc (LON:TRCS) earned “Buy” rating by Investec on Wednesday, December 2. The firm has “Buy” rating by Investec given on Wednesday, November 4. The stock of Tracsis Plc (LON:TRCS) earned “Buy” rating by Investec on Tuesday, February 16. WH Ireland maintained Tracsis Plc (LON:TRCS) rating on Wednesday, November 4. WH Ireland has “Buy” rating and GBX 488 price target. The stock of Tracsis Plc (LON:TRCS) has “Buy” rating given on Wednesday, August 12 by Investec.
More recent Tracsis Plc (LON:TRCS) news were published by: Fool.Co.Uk which released: “Why I Would Buy Tracsis Plc But Sell Quindell PLC” on November 04, 2015. Also Uk.Finance.Yahoo.com published the news titled: “-LSE Ticker: 28HSF7/ISIN: GB00B28HSF71” on March 29, 2014. Fool.Co.Uk‘s news article titled: “Why Shares In Tracsis Plc Jumped” with publication date: June 23, 2014 was also an interesting one.
Tracsis Plc is a United Kingdom-based firm that specializes in solving a variety of data capture, reporting and resource optimization problems. The company has a market cap of 141.39 million GBP. The Company’s services and products consists of: Software: Industry strength resource optimization and rail management software, Professional Services: Consulting and technology related professional services across the operational and strategic planning horizon, Remote Condition Monitoring : Technology and reporting for critical infrastructure assets in real time and Data Capture and Analytics: Collection, collation and analytical services of traffic and passenger/customer data within rail, traffic and pedestrian rich environments. It has a 50.87 P/E ratio. It has contracts with operators within the rail and bus industries.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.