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

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$2.44 and traded as low as C$2.25. Transat A.T. shares last traded at C$2.29, with a volume of 16,730 shares.

Analyst Upgrades and Downgrades

TRZ has been the subject of several research reports. TD reduced their price objective on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research report on Friday, June 12th. National Bank Financial cut shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of C$2.61.

Transat A.T. Price Performance

The company’s 50 day moving average price is C$2.44 and its 200 day moving average price is C$2.54. The company has a debt-to-equity ratio of -186.46, a quick ratio of 0.76 and a current ratio of 0.63. The company has a market cap of C$93.97 million, a price-to-earnings ratio of 0.34, a P/E/G ratio of -0.04 and a beta of 1.52.

Transat A.T. (TSE:TRZ) last announced its earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. The firm had revenue of C$1.03 billion for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. On average, equities research analysts predict 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.