Transat A.T. (TSE:TRZ) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.55 and traded as low as C$2.28. Transat A.T. shares last traded at C$2.31, with a volume of 55,271 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TRZ shares. TD Securities downgraded shares of Transat A.T. from a “buy” rating to a “hold” rating and cut their price target for the company from C$5.00 to C$3.00 in a report on Wednesday, February 11th. Desjardins boosted their price objective on shares of Transat A.T. from C$3.00 to C$3.30 and gave the stock a “hold” rating in a report on Tuesday, December 23rd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Transat A.T. presently has an average rating of “Reduce” and an average target price of C$2.83.

Transat A.T. Stock Performance

The firm has a fifty day moving average of C$2.55 and a 200-day moving average of C$2.52. The stock has a market capitalization of C$94.16 million, a price-to-earnings ratio of 0.29, a PEG ratio of -0.04 and a beta of 0.74. The company has a quick ratio of 0.76, a current ratio of 0.71 and a debt-to-equity ratio of -216.74.

Transat A.T. (TSE:TRZ) last posted its earnings results on Tuesday, March 10th. The company reported C($1.18) EPS for the quarter. Transat A.T. had a negative return on equity of 44.87% and a net margin of 9.74%.The firm had revenue of C$870.71 million for the quarter. As a group, sell-side analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current 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.