Transat A.T. (TSE:TRZ) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Transat A.T. Inc. (TSE:TRZ) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.58 and traded as low as C$2.57. Transat A.T. shares last traded at C$2.60, with a volume of 70,706 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities cut shares of Transat A.T. from a “buy” rating to a “hold” rating and dropped their price objective 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Transat A.T. presently has a consensus rating of “Reduce” and a consensus price target of C$2.83.

Transat A.T. Price Performance

The company has a debt-to-equity ratio of -216.74, a quick ratio of 0.76 and a current ratio of 0.71. The company has a market cap of C$105.98 million, a price-to-earnings ratio of 0.32, a PEG ratio of -0.04 and a beta of 0.83. The company has a 50-day simple moving average of C$2.58 and a 200-day simple moving average of C$2.54.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share for the quarter. Transat A.T. had a negative return on equity of 44.87% and a net margin of 9.74%.The company had revenue of C$870.71 million for the quarter. As a group, research analysts predict that Transat A.T. Inc. will post -4.3400002 earnings per share for the current year.

Transat A.T. Company Profile

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.