Transat A.T. (TSE:TRZ) Shares Cross Below 50 Day Moving Average - Should You Sell?

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.60 and traded as low as C$1.49. Transat A.T. shares last traded at C$1.51, with a volume of 66,714 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Desjardins dropped their price objective on Transat A.T. from C$2.25 to C$2.00 in a report on Tuesday, March 18th. TD Securities reduced their price objective on shares of Transat A.T. from C$2.00 to C$1.75 and set a "hold" rating on the stock in a research note on Monday, March 17th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of C$1.71.

Transat A.T. Stock Performance

The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -0.52, a P/E/G ratio of -0.04 and a beta of 1.50. The business's 50-day moving average price is C$1.58 and its two-hundred day moving average price is C$1.75.

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.