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

Shares of Transat A.T. Inc. (TSE:TRZ) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.24 and traded as low as C$1.90. Transat A.T. shares last traded at C$1.94, with a volume of 19,321 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. National Bank Financial cut Transat A.T. from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. Scotia decreased their target price on Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating for the company in a research report on Friday, September 11th. Desjardins lowered their target price on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating on the stock in a research note on Friday, September 11th. Finally, TD dropped their price target on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$2.28.

Transat A.T. Stock Performance

The firm has a market capitalization of C$79.93 million, a PE ratio of -0.34, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. The company has a current ratio of 0.58, a quick ratio of 0.76 and a debt-to-equity ratio of -180.72. The business’s 50 day simple moving average is C$2.24 and its two-hundred day simple moving average is C$2.43.

Transat A.T. (TSE:TRZ) last released its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share (EPS) for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%.The firm had revenue of C$792.72 million during the quarter. Research analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share for the current fiscal 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.