Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Transcat Inc before investing.

In this article, we go over a few key elements for understanding Transcat Inc’s stock price such as:

• Transcat Inc’s current stock price and volume
• Why Transcat Inc’s stock price changed recently
• Upgrades and downgrades for TRNS from analysts
• TRNS’s stock price momentum as measured by its relative strength

About Transcat Inc (TRNS)

Before we jump into Transcat Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Transcat, Inc. is a provider of accredited calibration services, enterprise asset management services, and a value-added distributor of professional grade handheld test, measurement, and control instrumentation. It is focused on providing services and products to regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses. Its segments include Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak and its online customer portal, C3. The Distribution segment sells and rents national and brand instruments to customers globally. Through its Website, in-house sales team and printed and digital marketing materials, it offers access to more than 140,000 test, measurement and control instruments.

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Transcat Inc’s Stock Price as of Market Close

As of January 30, 2024, 4:00 PM, CST, Transcat Inc’s stock price was $108.77.

Transcat Inc is up 6.67% from its previous closing price of $101.97.

During the last market session, Transcat Inc’s stock traded between $97.96 and $102.16. Currently, there are 7.82 million shares of Transcat Inc stock available for purchase.

Transcat Inc’s price-earnings (P/E) ratio is currently at 90.6, which is high compared to the Business Support Services industry median of 27.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Transcat Inc Stock Price History

Transcat Inc’s (TRNS) price is currently down 0.51% so far this month.

During the month of January, Transcat Inc’s stock price has reached a high of $109.40 and a low of $94.91.

Over the last year, Transcat Inc has hit prices as high as $115.41 and as low as $74.89. Year to date, Transcat Inc’s stock is up 53.48%.

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What Caused Transcat Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 29, 2024, there was 1 analyst who downgraded Transcat Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Transcat Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Transcat Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Transcat Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Transcat Inc (TRNS) by visiting AAII Stock Evaluator.

Relative Price Strength of Transcat Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 29, 2024, Transcat Inc has a weighted four-quarter relative price strength of -0.15%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Transcat Inc Stock Price: Bottom Line

As of January 30, 2024, Transcat Inc’s stock price is $108.77, which is up 6.67% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Transcat Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.