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

Transat A.T. Inc. (TSE:TRZ) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$2.54 and traded as low as C$2.32. Transat A.T. shares last traded at C$2.33, with a volume of 75,071 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on TRZ. TD lowered their price objective on shares of Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a research report on Friday, June 12th. National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of C$2.61.

Transat A.T. Trading Down 0.9%

The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. The business’s fifty day moving average is C$2.54 and its 200 day moving average is C$2.58. The stock has a market cap of C$95.61 million, a PE ratio of 0.35, a P/E/G ratio of -0.04 and a beta of 1.55.

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

Transat A.T. Company Profile

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.