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

Transat A.T. Inc. (TSE:TRZ) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.84 and traded as low as C$1.78. Transat A.T. shares last traded at C$1.95, with a volume of 227,369 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TRZ shares. TD Securities boosted their price objective on Transat A.T. from C$2.00 to C$2.25 and gave the company a “hold” rating in a research note on Friday, December 13th. CIBC raised their price objective on shares of Transat A.T. from C$1.45 to C$1.80 in a report on Friday, December 13th. Desjardins lowered their target price on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Scotiabank cut their price target on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Finally, National Bankshares decreased their price objective on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Stock Performance

The company’s fifty day simple moving average is C$1.84 and its 200 day simple moving average is C$1.98. The stock has a market capitalization of C$76.38 million, a P/E ratio of -0.50, a P/E/G ratio of -0.04 and a beta of 1.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40.

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.