Transcat Inc (NASDAQ: TRNS) has benefited from important positive changes in fundamentals: the consensus estimate for March, 2025 increased significantly, the consensus estimate for March, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent exceptional positive changes in investment behavior have benefitted Transcat Inc (NASDAQ: TRNS): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Transcat has a poor Appreciation Score of 15 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Recent Price Action
Transcat Inc (NASDAQ: TRNS) stock closed at $119.68 on 6/28/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 290% of normal. The stock has declined -0.9% during the last week but has been strong relative to the market over the last nine months.
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