TheStreet upgraded shares of Transcat Inc. (NASDAQ:TRNS) from a hold rating to a buy rating in a report issued on Wednesday.

Transcat (NASDAQ:TRNS) traded up 0.9207% during trading on Wednesday, hitting $10.9499. The stock had a trading volume of 4,519 shares. Transcat has a 52-week low of $8.26 and a 52-week high of $11.85. The stock’s 50-day moving average is $10.38 and its 200-day moving average is $10.33. The stock has a market capitalization of $76.77 million, a PE ratio of 17.9507 and a beta of 0.78.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.12 earnings per share for the quarter. Transcat had a return on equity of 11.14% and a net margin of 3.35%. The company had revenue of $34.49 million for the quarter, compared to analyst estimates of $29.48 million. On average, analysts predict that Transcat will post $0.64 earnings per share for the current fiscal year.

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About Transcat

Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).

5 Day Chart for NASDAQ:TRNS

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