Transat A.T. (TSE:TRZ) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Transat A.T. Inc. shares exceeded their 50-day moving average of C$2.69, trading at C$2.71 with a volume of 33,558 shares.
• Analysts have varied opinions with one issuing a Buy rating and three assigning a Sell rating, resulting in a consensus rating of "Reduce" and an average target price of C$2.61.
• The company, specializing in holiday travel operations, has a market cap of C$108.76 million and a debt-to-equity ratio of -241.60, indicating financial challenges.

Transat A.T. Inc. (TSE:TRZ - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.69 and traded as high as C$2.71. Transat A.T. shares last traded at C$2.71, with a volume of 33,558 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRZ shares. Scotiabank increased their price target on Transat A.T. from C$1.75 to C$2.00 and gave the stock an "underperform" rating in a research report on Friday, June 13th. National Bankshares increased their price target on Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, TD Securities increased their price target on Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of C$2.61.

Transat A.T. Stock Performance

The firm's 50 day moving average price is C$2.69 and its 200-day moving average price is C$2.07. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market capitalization of C$109.96 million, a PE ratio of -0.76, a price-to-earnings-growth ratio of -0.04 and a beta of 1.20.

Transat A.T. Company Profile

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.