Transat A.T. (TSE:TRZ) Stock Price Crosses Below 50 Day Moving Average of $4.00

Transat A.T. Inc. (TSE:TRZ)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$4.00 and traded as low as C$3.33. Transat A.T. shares last traded at C$3.40, with a volume of 23,524 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Securities reduced their price target on Transat A.T. from C$5.50 to C$3.75 and set a “hold” rating on the stock in a report on Monday, March 18th. CIBC reduced their target price on Transat A.T. from C$3.00 to C$2.90 in a report on Friday, March 15th. Finally, National Bankshares reduced their target price on Transat A.T. from C$3.25 to C$3.00 in a report on Friday, March 15th.

Transat A.T. Price Performance

The business has a fifty day simple moving average of C$4.00 and a two-hundred day simple moving average of C$3.70. The company has a current ratio of 0.87, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The stock has a market cap of C$131.65 million, a PE ratio of -4.53, a P/E/G ratio of -0.04 and a beta of 1.38.

Transat A.T. (TSE:TRZ) last posted its earnings results on Wednesday, March 13th. The company reported C($2.11) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.01) by C($1.10). The business had revenue of C$785.50 million during the quarter, compared to analysts’ expectations of C$815.50 million. Research analysts forecast that Transat A.T. Inc. will post -4.3400002 earnings per share for the current year.

Transat A.T. Company Profile

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.