Somewhat Favorable News Coverage Somewhat Unlikely to Impact Transcat (TRNS) Stock Price
Media coverage about Transcat (NASDAQ:TRNS) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Transcat earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.1331728528587 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have weighed in on the company. Singular Research assumed coverage on Transcat in a research note on Wednesday, November 15th. They issued a “buy” rating and a $15.30 target price on the stock. Dougherty & Co assumed coverage on Transcat in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $20.00 target price on the stock.
Transcat (NASDAQ TRNS) opened at $13.86 on Thursday. Transcat has a one year low of $10.25 and a one year high of $15.15. The company has a quick ratio of 1.53, a current ratio of 2.24 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $95.34, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.21 and a beta of 0.38.
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Transcat Company Profile
Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).
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