Transat A.T. (TSE:TRZ) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.56 and traded as high as C$2.70. Transat A.T. shares last traded at C$2.60, with a volume of 118,945 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities downgraded shares of Transat A.T. from a “buy” rating to a “hold” rating and decreased their price target for the company from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Transat A.T. presently has an average rating of “Reduce” and an average price target of C$2.83.

Transat A.T. Trading Up 1.6%

The company has a market capitalization of C$105.98 million, a PE ratio of 0.32, a price-to-earnings-growth ratio of -0.04 and a beta of 0.81. The company’s fifty day moving average is C$2.56 and its 200-day moving average is C$2.50. The company has a debt-to-equity ratio of -216.74, a current ratio of 0.71 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C($1.18) earnings per share (EPS) for the quarter. The business had revenue of C$870.71 million for the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. On average, analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

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.