Todays Report: Today, Transcat Inc. (TRNS) Raised to Buy at TheStreet

Today, Transcat Inc. (TRNS) Raised to Buy at TheStreet

Transcat Inc. (NASDAQ:TRNS) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Transcat (NASDAQ:TRNS) traded up 0.9207% during mid-day trading on Wednesday, reaching $10.9499. The company had a trading volume of 4,519 shares. The firm’s 50 day moving average price is $10.38 and its 200-day moving average price is $10.33. Transcat has a 12 month low of $8.26 and a 12 month high of $11.85. The company has a market capitalization of $76.77 million, a price-to-earnings ratio of 17.9507 and a beta of 0.78.

Transcat (NASDAQ:TRNS) last released its earnings results on Tuesday, October 25th. The company reported $0.12 EPS for the quarter. Transcat had a return on equity of 11.14% and a net margin of 3.35%. The firm earned $34.49 million during the quarter, compared to analysts’ expectations of $29.48 million. Equities research analysts anticipate that Transcat will post $0.64 earnings per share for the current year.

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