New deal for Tracsis doesn’t keep shares on rails

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New deal for Tracsis doesn’t keep shares on rails
Master Investor Magazine 42 cover

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Traffic data and transportation software outfit Tracsis (LON:TRCS) has announced a new £2 million deal to provide data hosting service for 2 years to an existing major rail client.

However, management stressed that this would not impact financial results within the current year but that it is a positive forward step towards delivering larger deals within the UK rail industry.

However, the shares continued on their downward slide that has been seen over the last month and dropped by 2.28% to 550.18p (as of 14:05 GMT).

 

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