Extremely important negative changes in investment behavior have recently occurred for Transcat Inc (NASDAQ: TRNS): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Transcat Inc (NASDAQ: TRNS). Minor negative changes in fundamentals have recently occurred. Negative developments: the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Transcat has a poor Appreciation Score of 17 but a good Power Rating of 75, triggering the Neutral Value Trend Rating.
Recent Price Action
Transcat Inc (NASDAQ: TRNS) stock rose modestly by 0.6% on 8/5/24. The stock closed at $108.26. Moreover, trading volume in this advance was above average at 147% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -22.7% during the last week.
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