Transat A.T. (TSE:TRZ) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Transat A.T. Inc. (TSE:TRZ) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.50 and traded as low as C$2.32. Transat A.T. shares last traded at C$2.35, with a volume of 16,075 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRZ shares. TD dropped their price target on shares of Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a report on Friday, June 12th. National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of C$2.61.

Transat A.T. Price Performance

The firm has a 50-day simple moving average of C$2.50 and a 200-day simple moving average of C$2.56. The firm has a market capitalization of C$96.43 million, a PE ratio of 0.35, a PEG ratio of -0.04 and a beta of 1.52. The company has a debt-to-equity ratio of -186.46, a current ratio of 0.63 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The business had revenue of C$1.03 billion during the quarter. As a group, equities analysts forecast that Transat A.T. Inc. will post -4.3400002 earnings per share for the current year.

About Transat A.T.

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.