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.

COPYRIGHT VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/26/transcat-inc-trns-upgraded-to-buy-at-thestreet.html.

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

Receive News & Stock Ratings for Transcat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcat Inc. and related stocks with our FREE daily email newsletter.