Transcat (NASDAQ:TRNS) Stock Price Up 5.9% – Should You Buy?

Transcat, Inc. (NASDAQ:TRNS) shares rose 5.9% on Thursday . The company traded as high as $56.42 and last traded at $56.0850. Approximately 21,735 shares were traded during trading, a decline of 80% from the average daily volume of 106,931 shares. The stock had previously closed at $52.95.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TRNS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Transcat in a research note on Monday. 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. Zacks Research raised shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Northland Capmk upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Northland Securities set a $95.00 price objective on shares of Transcat in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Transcat Trading Down 2.9%

The company has a 50 day moving average of $62.53 and a 200-day moving average of $74.50. The stock has a market cap of $524.35 million, a price-to-earnings ratio of 46.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.06 and a current ratio of 2.43.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Monday, November 3rd. The scientific and technical instruments company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $82.27 million during the quarter, compared to analysts’ expectations of $79.51 million. Transcat had a net margin of 3.75% and a return on equity of 6.81%. On average, research analysts anticipate that Transcat, Inc. will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Transcat

Several hedge funds have recently bought and sold shares of the stock. White Pine Capital LLC increased its stake 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 purchasing an additional 171 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Transcat by 3.3% in 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 acquiring an additional 187 shares during the last quarter. US Bancorp DE grew its position in Transcat by 14.6% during the first quarter. US Bancorp DE now owns 1,770 shares of the scientific and technical instruments company’s stock valued at $132,000 after acquiring an additional 226 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Transcat by 14.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,238 shares of the scientific and technical instruments company’s stock valued at $192,000 after purchasing an additional 288 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Transcat by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock worth $407,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.