Transcat (NASDAQ:TRNS) Sets New 52-Week Low – Time to Sell?

Transcat, Inc. (NASDAQ:TRNS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $55.19 and last traded at $58.2150, with a volume of 166077 shares. The stock had previously closed at $58.02.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. HC Wainwright reissued a “buy” rating and set a $116.00 target price on shares of Transcat in a report on Friday, August 22nd. Zacks Research raised Transcat from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Northland Securities set a $95.00 target price on Transcat in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transcat in a research report on Wednesday. Finally, Northland Capmk upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.25.

Transcat Stock Up 2.1%

The stock has a market cap of $527.02 million, a price-to-earnings ratio of 39.51 and a beta of 0.71. The business has a fifty day moving average of $72.92 and a 200 day moving average of $79.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 2.36.

Transcat (NASDAQ:TRNS) last posted its earnings results on Monday, November 3rd. The scientific and technical instruments company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). Transcat had a return on equity of 6.66% and a net margin of 4.64%.The business had revenue of $82.27 million during the quarter, compared to the consensus estimate of $79.51 million. On average, equities analysts predict that Transcat, Inc. will post 2.3 earnings per share for the current year.

Institutional Trading of Transcat

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings 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 acquiring an additional 172 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Transcat by 3.4% during the first quarter. Diamond Hill Capital Management Inc. now owns 6,353 shares of the scientific and technical instruments company’s stock valued at $473,000 after acquiring an additional 210 shares during the period. Royce & Associates LP lifted its position in shares of Transcat by 1.1% during the 1st quarter. Royce & Associates LP now owns 478,581 shares of the scientific and technical instruments company’s stock worth $35,630,000 after purchasing an additional 5,327 shares during the last quarter. TD Asset Management Inc grew its holdings in Transcat by 22.9% in the 1st quarter. TD Asset Management Inc now owns 20,184 shares of the scientific and technical instruments company’s stock valued at $1,503,000 after buying an additional 3,762 shares during the last quarter. Finally, Premier Fund Managers Ltd grew its holdings in Transcat by 52.2% in the 1st quarter. Premier Fund Managers Ltd now owns 6,908 shares of the scientific and technical instruments company’s stock valued at $507,000 after buying an additional 2,368 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Transcat Company Profile

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.