Transat A.T. (TSE:TRZ) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Transat A.T. Inc. (TSE:TRZ - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.93 and traded as high as C$2.93. Transat A.T. shares last traded at C$2.83, with a volume of 109,680 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Desjardins decreased their target price on shares of Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. TD Securities boosted their target price on shares of Transat A.T. from C$4.75 to C$5.50 and gave the company a "buy" rating in a research note on Monday, June 16th. Scotiabank boosted their target price on shares of Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. Finally, National Bankshares boosted their target price on shares of Transat A.T. from C$1.50 to C$1.75 and gave the company an "underperform" rating in a research note on Friday, June 6th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Transat A.T. presently has a consensus rating of "Hold" and an average price target of C$2.61.

Transat A.T. Price Performance

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 stock has a market capitalization of C$112.38 million, a PE ratio of -0.97, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50. The firm has a 50 day moving average price of C$1.93 and a 200 day moving average price of C$1.80.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.

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