Transat A.T. (TSE:TRZ) Share Price Passes Below Fifty Day Moving Average of $2.16

Transat A.T. Inc. (TSE:TRZ)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.16 and traded as low as C$1.88. Transat A.T. shares last traded at C$1.90, with a volume of 14,406 shares changing hands.

Analyst Upgrades and Downgrades

TRZ has been the topic of several research analyst reports. TD Securities decreased their price target on shares of Transat A.T. from C$3.75 to C$3.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. CIBC decreased their price objective on Transat A.T. from C$2.70 to C$2.30 and set an “underperform” rating on the stock in a report on Monday, June 10th. Desjardins dropped their price objective on shares of Transat A.T. from C$4.00 to C$3.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. National Bankshares dropped their price target on shares of Transat A.T. from C$3.00 to C$2.25 and set an “underperform” rating for the company in a research report on Monday, May 13th. Finally, Scotiabank lowered their price objective on Transat A.T. from C$2.50 to C$2.25 and set an “underperform” rating on the stock in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Transat A.T. has an average rating of “Reduce” and an average target price of C$2.56.

Transat A.T. Trading Up 1.6 %

The company’s fifty day moving average price is C$2.16 and its two-hundred day moving average price is C$3.06. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 16,969.40. The company has a market cap of C$73.78 million, a price-to-earnings ratio of -1.36, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49.

Transat A.T. Company Profile

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.