Trade Report: Today, Transcat Inc. (TRNS) Upgrade to Buy at TheStreet

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

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

Shares of Transcat (NASDAQ:TRNS) traded up 0.9207% during trading on Wednesday, reaching $10.9499. The company’s stock had a trading volume of 4,519 shares. The stock has a market cap of $76.77 million, a P/E ratio of 17.9507 and a beta of 0.78. Transcat has a 52-week low of $8.26 and a 52-week high of $11.85. The stock has a 50-day moving average of $10.38 and a 200-day moving average of $10.33.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.12 earnings per share for the quarter. Transcat had a return on equity of 11.14% and a net margin of 3.35%. The business earned $34.49 million during the quarter, compared to analyst estimates of $29.48 million. Analysts predict that Transcat will post $0.64 earnings per share for the current fiscal year.

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