Transat A.T. (TSE:TRZ) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.85 and traded as low as C$1.74. Transat A.T. shares last traded at C$1.77, with a volume of 27,526 shares changing hands.

Analysts Set New Price Targets

TRZ has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of Transat A.T. from C$1.45 to C$1.80 in a report on Friday, December 13th. TD Securities decreased their price objective on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of C$1.76.

Transat A.T. Stock Down 0.6 %

The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The firm has a market capitalization of C$70.29 million, a P/E ratio of -0.61, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50. The company’s fifty day simple moving average is C$1.85 and its 200 day simple moving average is C$1.85.

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.