Transat A.T. (TSE:TRZ) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Transat A.T. Inc. (TSE:TRZ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.84 and traded as low as C$1.78. Transat A.T. shares last traded at C$1.95, with a volume of 227,369 shares.

Wall Street Analysts Forecast Growth

TRZ has been the subject of a number of research reports. TD Securities upped their price objective on Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a report on Friday, December 13th. CIBC increased their price target on shares of Transat A.T. from C$1.45 to C$1.80 in a research report on Friday, December 13th. Scotiabank lowered their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Desjardins cut their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, National Bankshares decreased their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Stock Performance

The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of C$76.38 million, a PE ratio of -0.50, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50. The business has a 50 day moving average price of C$1.84 and a two-hundred day moving average price of C$1.98.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.