In yesterday’s Wall Street session, Transcat Inc (NASDAQ:TRNS) shares traded at $100.34, down -2.58% from the previous session.
TRNS stock price is now -5.23% away from the 50-day moving average and -14.33% away from the 200-day moving average. The market capitalization of the company currently stands at $932.69M.
On October 17, 2023, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $110, while ‘Northland Capital’ rates the stock as ‘Outperform’
In other news, HADEED CHARLES P, Director sold 1,358 shares of the company’s stock on Jun 12 ’24. The stock was sold for $176,540 at an average price of $130.00. Upon completion of the transaction, the Director now directly owns 21,320 shares in the company, valued at $2.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Chief Legal & Corp Dev Officer Jenkins James M. sold 5,514 shares of the business’s stock. A total of $756,411 was realized by selling the stock at an average price of $137.18. This leaves the insider owning 1,619 shares of the company worth $0.16 million. A total of 2.78% of the company’s stock is owned by insiders.
During the past 12 months, Transcat Inc has had a low of $94.29 and a high of $147.12. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 3.59, and a quick ratio of 3.00. According to the stock market information, the enterprise value for the company is $920100480, which is based on a 50.58 price-to-earnings ratio, a 3.22 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for TRNS is $105.881 and a two-hundred day moving average price translates $117.12145 for the stock.
The latest earnings results from Transcat Inc (NASDAQ: TRNS) was released for 2024-09-28. The net profit margin was 6.63% and return on equity was 8.81% for TRNS. The company reported revenue of $67.83 million for the quarter, compared to $62.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.0 percent. For the current quarter, analysts expect TRNS to generate $70.3M in revenue.
