Transcat (NASDAQ:TRNS) Hits New 1-Year Low – Should You Sell?

Transcat, Inc. (NASDAQ:TRNS) shares hit a new 52-week low on Monday . The stock traded as low as $53.57 and last traded at $54.3890, with a volume of 71056 shares changing hands. The stock had previously closed at $53.93.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRNS shares. HC Wainwright restated a “buy” rating and issued a $116.00 price objective on shares of Transcat in a research report on Friday, August 22nd. Northland Capmk upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Northland Securities set a $95.00 price target on shares of Transcat in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Transcat in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.25.

Transcat Stock Down 0.2%

The stock’s fifty day moving average price is $69.38 and its 200 day moving average price is $78.07. The stock has a market cap of $495.32 million, a P/E ratio of 37.13 and a beta of 0.71. The company has a current ratio of 2.92, a quick ratio of 2.36 and a debt-to-equity ratio of 0.11.

Transcat (NASDAQ:TRNS) last posted its quarterly earnings data on Monday, November 3rd. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $82.27 million for the quarter, compared to the consensus estimate of $79.51 million. Transcat had a return on equity of 6.66% and a net margin of 4.64%. As a group, research analysts forecast that Transcat, Inc. will post 2.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transcat

A number of large investors have recently modified their holdings of the company. White Pine Capital LLC boosted its holdings in Transcat by 1.7% in the second quarter. White Pine Capital LLC now owns 10,175 shares of the scientific and technical instruments company’s stock valued at $875,000 after acquiring an additional 171 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Transcat by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 27,916 shares of the scientific and technical instruments company’s stock valued at $2,078,000 after purchasing an additional 172 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Transcat by 3.3% during the second quarter. Arkadios Wealth Advisors now owns 5,814 shares of the scientific and technical instruments company’s stock valued at $500,000 after buying an additional 187 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Transcat by 3.4% in the first quarter. Diamond Hill Capital Management Inc. now owns 6,353 shares of the scientific and technical instruments company’s stock worth $473,000 after buying an additional 210 shares in the last quarter. Finally, US Bancorp DE raised its stake in Transcat by 14.6% in the first quarter. US Bancorp DE now owns 1,770 shares of the scientific and technical instruments company’s stock worth $132,000 after buying an additional 226 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

About Transcat

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.