Transat A.T. (TSE:TRZ) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZ)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.63 and traded as low as C$1.48. Transat A.T. shares last traded at C$1.50, with a volume of 27,428 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TRZ shares. Desjardins lowered their price target on Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. TD Securities lowered their target price on shares of Transat A.T. from C$2.00 to C$1.75 and set a “hold” rating for the company in a research note on Monday, March 17th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of C$1.71.

Transat A.T. Stock Down 2.0 %

The firm has a fifty day moving average of C$1.63 and a 200-day moving average of C$1.76. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60. The firm has a market cap of C$59.56 million, a P/E ratio of -0.51, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

Transat A.T. Company Profile

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.