Transat A.T. (TSE:TRZ) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Transat A.T. Inc. (TSE:TRZ)’s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$2.14 and traded as low as C$1.92. Transat A.T. shares last traded at C$1.94, with a volume of 20,376 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Desjardins lowered their price objective on Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating for the company in a research report on Friday, September 11th. Scotia dropped their price objective on Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a report on Friday, September 11th. Finally, TD cut their target price on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of C$2.28.

Transat A.T. Trading Down 2.0%

The company has a quick ratio of 0.76, a current ratio of 0.58 and a debt-to-equity ratio of -180.72. The business’s fifty day simple moving average is C$2.14 and its two-hundred day simple moving average is C$2.38. The company has a market cap of C$79.93 million, a price-to-earnings ratio of -0.34, a PEG ratio of -0.04 and a beta of 1.47.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%. The company had revenue of C$792.72 million for the quarter. On average, equities analysts predict that Transat A.T. Inc. will post -4.34 EPS for the current year.

About Transat A.T.

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.