Transat A.T. (TSE:TRZ) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.32 and traded as low as C$2.17. Transat A.T. shares last traded at C$2.18, with a volume of 15,469 shares trading hands.

Wall Street Analyst Weigh In

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

Transat A.T. Trading Down 1.4%

The business has a 50 day moving average of C$2.32 and a two-hundred day moving average of C$2.47. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46. The firm has a market cap of C$89.86 million, a P/E ratio of 0.33, a PEG ratio of -0.04 and a beta of 1.52.

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