Stock Rating Downgrade
The Value Trend Rating for Transcat Inc (NASDAQ: TRNS) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/8/24, Transcat Inc (NASDAQ: TRNS) stock rose modestly by 0.8%, closing at $108.04. However, this advance was accompanied by unusually low trading volume at 51% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TRNS is expected to continue to be a Value Builder.
Transcat has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Transcat has a very low Appreciation Score of 11 but a good Power Rating of 73, and the Negative Value Trend Rating results.
Be the first to comment