Transat A.T. (TSE:TRZ) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Transat A.T. Inc. (TSE:TRZ) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.84 and traded as low as C$1.78. Transat A.T. shares last traded at C$1.95, with a volume of 227,369 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. National Bankshares dropped their price objective on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a report on Friday, September 13th. Scotiabank reduced their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research note on Friday, September 13th. TD Securities boosted their target price on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a research report on Friday, December 13th. Desjardins lowered their price objective on Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a report on Friday, September 13th. Finally, CIBC increased their target price on Transat A.T. from C$1.45 to C$1.80 in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of C$1.81.

Transat A.T. Price Performance

The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.76. The company’s fifty day moving average price is C$1.84 and its 200 day moving average price is C$1.97. The firm has a market capitalization of C$77.56 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

Transat A.T. Company Profile

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.