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

Transat A.T. Inc. (TSE:TRZ)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.63 and traded as low as C$1.48. Transat A.T. shares last traded at C$1.50, with a volume of 27,428 shares.

Analyst Ratings Changes

TRZ has been the topic of a number of research analyst reports. Desjardins lowered their target price on shares of Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. TD Securities lowered their price target on Transat A.T. from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research report on Monday, March 17th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of C$1.71.

Transat A.T. Trading Down 2.0 %

The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market cap of C$59.56 million, a P/E ratio of -0.51, a P/E/G ratio of -0.04 and a beta of 1.50. The company has a 50-day simple moving average of C$1.63 and a 200-day simple moving average of C$1.76.

Transat A.T. Company Profile

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.