Transat A.T. (TSE:TRZ) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.87 and traded as low as C$1.75. Transat A.T. shares last traded at C$1.76, with a volume of 54,365 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. CIBC boosted their price objective on Transat A.T. from C$1.45 to C$1.80 in a report on Friday, December 13th. TD Securities boosted their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company a “hold” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, Transat A.T. currently has an average rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Stock Up 1.1 %

The stock’s fifty day moving average price is C$1.87 and its 200-day moving average price is C$1.88. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The company has a market capitalization of C$69.72 million, a price-to-earnings ratio of -0.45, a P/E/G ratio of -0.04 and a beta of 1.50.

About Transat A.T.

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.