Extremely important positive changes in investment behavior have recently occurred for Transcat Inc (NASDAQ: TRNS): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Transcat Inc (NASDAQ: TRNS). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
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 18 but a good Power Rating of 79, resulting in the Neutral Value Trend Rating.
Recent Price Action
Transcat Inc (NASDAQ: TRNS) stock closed at $122.85 on 10/9/24 after an increase of 1.5%. However, unusually low trading volume at 61% of normal accompanied the advance. The stock has risen 3.9% during the last week and has been strong relative to the market over the last nine months.
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