Alan H. Resnick Sells 1,916 Shares of Transcat, Inc. (TRNS) Stock
Transcat, Inc. (NASDAQ:TRNS) Director Alan H. Resnick sold 1,916 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $19.79, for a total transaction of $37,917.64. Following the completion of the transaction, the director now owns 35,400 shares in the company, valued at approximately $700,566. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ TRNS traded up $0.25 during midday trading on Thursday, reaching $19.45. The stock had a trading volume of 100 shares, compared to its average volume of 14,986. The company has a market capitalization of $145.03 million, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.42. Transcat, Inc. has a twelve month low of $11.80 and a twelve month high of $21.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.98.
Transcat (NASDAQ:TRNS) last issued its quarterly earnings results on Wednesday, May 23rd. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The firm had revenue of $42.45 million for the quarter, compared to the consensus estimate of $40.70 million. Transcat had a net margin of 3.82% and a return on equity of 11.10%. analysts forecast that Transcat, Inc. will post 0.93 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Transcat from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded shares of Transcat from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Transcat presently has a consensus rating of “Buy” and an average target price of $20.00.
Transcat Company Profile
Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services.
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