Transat A.T. (TSE:TRZ) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZ)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.52 and traded as low as C$2.44. Transat A.T. shares last traded at C$2.53, with a volume of 137,698 shares traded.

Analyst Upgrades and Downgrades

TRZ has been the subject of several recent research reports. Desjardins raised their target price on shares of Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a report on Tuesday, December 23rd. TD Securities downgraded shares of Transat A.T. from a “buy” rating to a “hold” rating and reduced their price target for the company from C$5.00 to C$3.00 in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Transat A.T. currently has an average rating of “Reduce” and a consensus target price of C$2.83.

Transat A.T. Price Performance

The company has a debt-to-equity ratio of -216.74, a current ratio of 0.71 and a quick ratio of 0.76. The firm has a market capitalization of C$103.13 million, a PE ratio of 0.31, a P/E/G ratio of -0.04 and a beta of 0.74. The company has a 50-day moving average price of C$2.52 and a 200-day moving average price of C$2.49.

Transat A.T. (TSE:TRZ) last announced its earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share for the quarter. The firm had revenue of C$870.71 million during the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. Sell-side analysts forecast 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.