Transcat (NASDAQ:TRNS) Reaches New 1-Year High – Should You Buy?

Transcat, Inc. (NASDAQ:TRNS) reached a new 52-week high on Friday . The company traded as high as $94.76 and last traded at $90.6390, with a volume of 56968 shares changing hands. The stock had previously closed at $93.24.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TRNS shares. Zacks Research upgraded Transcat from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings upgraded Transcat from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Transcat Stock Performance

The company’s 50-day moving average is $77.99 and its two-hundred day moving average is $69.58. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.33. The firm has a market cap of $819.30 million, a P/E ratio of 151.24 and a beta of 0.71.

Transcat (NASDAQ:TRNS) last posted its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. Transcat had a net margin of 1.62% and a return on equity of 5.84%. The firm had revenue of $89.33 million for the quarter, compared to analysts’ expectations of $89.79 million. As a group, equities analysts predict that Transcat, Inc. will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRNS. Lazard Asset Management LLC bought a new position in Transcat in the 2nd quarter valued at $54,000. Tower Research Capital LLC TRC boosted its holdings in Transcat by 245.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 798 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Transcat by 42.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 458 shares during the period. Jones Financial Companies Lllp boosted its holdings in Transcat by 79.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,634 shares of the scientific and technical instruments company’s stock valued at $120,000 after purchasing an additional 722 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Transcat by 12,915.4% in the 3rd quarter. AlphaQuest LLC now owns 1,692 shares of the scientific and technical instruments company’s stock valued at $124,000 after purchasing an additional 1,679 shares during the period. 98.34% of the stock is owned by institutional investors.

About Transcat

Transcat, Inc (NASDAQ: TRNS) is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.