Transat A.T. (TSE:TRZ) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Transat A.T. Inc. (TSE:TRZ) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.58 and traded as low as C$2.58. Transat A.T. shares last traded at C$2.62, with a volume of 42,438 shares.

Analyst Upgrades and Downgrades

Separately, Desjardins upped their price target on shares of Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of C$3.33.

Transat A.T. Stock Down 1.5%

The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The firm has a market cap of C$104.65 million, a price-to-earnings ratio of 0.45, a PEG ratio of -0.04 and a beta of 0.98. The firm’s 50 day simple moving average is C$2.59 and its two-hundred day simple moving average is C$2.56.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.