On 5/21/24, Transcat Inc (NASDAQ: TRNS) stock enjoyed a major increase of 14.3%, closing at $141.86. Moreover, this advance was accompanied by exceptionally high trading volume at 304% of normal. Relative to the market the stock has been strong over the last nine months and has risen 19.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TRNS is expected to continue to be an important Value Builder.
Transcat has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Transcat has a very low Appreciation Score of 10 but a good Power Rating of 77, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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