Transat A.T. (TSE:TRZ) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Transat A.T. Inc. (TSE:TRZ) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.54 and traded as high as C$1.71. Transat A.T. shares last traded at C$1.68, with a volume of 11,298 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRZ. TD Securities reduced their price target on shares of Transat A.T. from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research note on Monday, March 17th. Desjardins cut their target price on shares of Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$1.71.

Transat A.T. Stock Performance

The stock’s 50-day simple moving average is C$1.54 and its 200 day simple moving average is C$1.73. 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$66.71 million, a PE ratio of -0.58, a P/E/G ratio of -0.04 and a beta of 1.50.

Transat A.T. Company Profile

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.