Transcat Inc (NASDAQ: TRNS) has recently enjoyed significant positive changes in fundamentals: the consensus estimate for March, 2024 increased significantly, the consensus estimate for March, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted Transcat Inc (NASDAQ: TRNS): its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TRNS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Transcat has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Transcat has a very low Appreciation Score of 11 but a slightly positive Power Rating of 64, leading to the Negative Value Trend Rating.
Recent Price Action
On 4/26/24, Transcat Inc (NASDAQ: TRNS) stock declined slightly by -0.01%, closing at $109.83. Moreover, unusually high trading volume at 153% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 4.4% during the last week.
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