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

Shares of Transat A.T. Inc. (TSE:TRZ) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.63 and traded as low as C$2.58. Transat A.T. shares last traded at C$2.67, with a volume of 159,238 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on TRZ. Desjardins raised their target price on Transat A.T. from C$3.00 to C$3.30 and gave the stock a “hold” rating in a research report on Tuesday, December 23rd. TD Securities lowered Transat A.T. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of C$2.83.

Transat A.T. Stock Performance

The firm has a market capitalization of C$108.30 million, a P/E ratio of 0.47, a price-to-earnings-growth ratio of -0.04 and a beta of 0.80. The stock has a 50-day moving average of C$2.63 and a 200 day moving average of C$2.56. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81.

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.