Transat A.T. (TSE:TRZ) Shares Cross Below 50 Day Moving Average of $4.00

Shares of Transat A.T. Inc. (TSE:TRZ) 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.

Wall Street Analyst Weigh In

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

Transat A.T. Stock Performance

The firm has a market cap of C$130.87 million, a PE ratio of -4.51, a P/E/G ratio of -0.04 and a beta of 1.38. The firm has a 50-day moving average price of C$3.96 and a two-hundred day moving average price of C$3.70. The company has a quick ratio of 0.76, a current ratio of 0.87 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings results on Wednesday, March 13th. The company reported C($2.11) EPS for the quarter, missing the consensus estimate of C($1.01) by C($1.10). The company 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 EPS for the current fiscal 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.