Transat A.T. (TSE:TRZ) Stock Passes Below 50-Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.63 and traded as low as C$2.58. Transat A.T. shares last traded at C$2.67, with a volume of 159,238 shares trading hands.

Analysts Set New Price Targets

TRZ has been the topic of a number of recent analyst reports. TD Securities cut shares of Transat A.T. from a “buy” rating to a “hold” rating and cut their price target for the company from C$5.00 to C$3.00 in a report on Wednesday, February 11th. Desjardins upped their price objective on Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a research report on Tuesday, December 23rd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Transat A.T. presently has a consensus rating of “Reduce” and an average price target of C$2.83.

Transat A.T. Stock Up 2.7%

The company’s 50 day simple moving average is C$2.63 and its 200-day simple moving average is C$2.56. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The firm has a market cap of C$108.30 million, a P/E ratio of 0.47, a PEG ratio of -0.04 and a beta of 0.80.

About Transat A.T.

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.