Transat A.T. (TSE:TRZ) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Transat A.T. Inc. (TSE:TRZ) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.44 and traded as low as C$2.25. Transat A.T. shares last traded at C$2.29, with a volume of 16,730 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 report on Friday, June 12th. National Bank Financial downgraded Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from C$3.00 to C$2.25 in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of C$2.61.

Transat A.T. Stock Performance

The stock’s 50 day moving average price is C$2.44 and its 200 day moving average price is C$2.54. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46. The firm has a market cap of C$93.97 million, a PE ratio of 0.34, a P/E/G ratio of -0.04 and a beta of 1.52.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The business had revenue of C$1.03 billion for the quarter. As a group, equities analysts forecast that Transat A.T. Inc. will post -4.3400002 earnings per share for the current fiscal 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.