Transcat, Inc. (NASDAQ:TRNS) Director John T. Smith sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $15.70, for a total transaction of $31,400.00. Following the sale, the director now directly owns 33,100 shares in the company, valued at approximately $519,670. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Transcat, Inc. (NASDAQ TRNS) opened at $15.25 on Thursday. The firm has a market cap of $110.15, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. Transcat, Inc. has a 12-month low of $11.02 and a 12-month high of $16.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 1.98.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Transcat from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Saturday, February 3rd. Singular Research boosted their target price on shares of Transcat from $15.30 to $20.00 and gave the stock a “buy” rating in a research report on Monday.
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Transcat Company Profile
Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).
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