Transat A.T. (TSE:TRZ) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.63 and traded as low as C$2.55. Transat A.T. shares last traded at C$2.59, with a volume of 120,875 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TRZ shares. TD Securities downgraded shares of Transat A.T. from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. Desjardins lifted their target price on shares of Transat A.T. from C$3.00 to C$3.30 and gave the stock a “hold” rating in a report on Tuesday, December 23rd. Three equities research 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, Transat A.T. has a consensus rating of “Reduce” and an average price target of C$2.83.

Transat A.T. Price Performance

The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of C$105.05 million, a price-to-earnings ratio of 0.45, a price-to-earnings-growth ratio of -0.04 and a beta of 0.80. The company has a 50-day moving average price of C$2.63 and a 200-day moving average price of C$2.56.

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.