Transat A.T. (TSE:TRZ) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.83 and traded as low as C$1.74. Transat A.T. shares last traded at C$1.84, with a volume of 58,983 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on TRZ shares. TD Securities reduced their price objective on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. CIBC boosted their price objective on shares of Transat A.T. from C$1.45 to C$1.80 in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of C$1.76.

Transat A.T. Stock Down 1.1 %

The stock’s 50-day moving average price is C$1.83 and its two-hundred day moving average price is C$1.84. The stock has a market capitalization of C$72.27 million, a PE ratio of -0.62, a P/E/G ratio of -0.04 and a beta of 1.50. 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.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.