Transat A.T. (TSE:TRZ) Share Price Breaks Below 50 Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$2.19 and traded as low as C$1.93. Transat A.T. shares last traded at C$1.95, with a volume of 12,959 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TRZ shares. Scotia dropped their price objective on Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating for the company in a report on Friday, September 11th. TD reduced their target price on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Finally, Desjardins decreased their target price on Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating for the company in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Transat A.T. presently has an average rating of “Reduce” and a consensus target price of C$2.28.

Transat A.T. Trading Down 2.0%

The firm has a market capitalization of C$80.75 million, a PE ratio of -0.34, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. The stock’s 50-day moving average price is C$2.18 and its 200 day moving average price is C$2.40. The company has a debt-to-equity ratio of -180.72, a current ratio of 0.58 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share (EPS) for the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. The firm had revenue of C$792.72 million during the quarter. On average, sell-side analysts expect that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

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.