Transat A.T. (TSE:TRZ) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.54 and traded as low as C$2.32. Transat A.T. shares last traded at C$2.33, with a volume of 75,071 shares trading hands.

Wall Street Analysts Forecast Growth

TRZ has been the subject of several recent analyst reports. TD dropped their price objective on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research note on Friday, June 12th. National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of C$2.61.

Transat A.T. Trading Up 1.7%

The company’s fifty day moving average price is C$2.54 and its two-hundred day moving average price is C$2.57. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. The company has a market cap of C$97.25 million, a price-to-earnings ratio of 0.35, a price-to-earnings-growth ratio of -0.04 and a beta of 1.55.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. The business had revenue of C$1.03 billion during the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. Research analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share for the current year.

Transat A.T. Company Profile

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.