New insider activity at Transcat ( (TRNS) ) has taken place on February 4, 2025.
Director Craig D. Cairns has shown confidence in Transcat by purchasing 1,200 shares of the company, a transaction valued at $92,424.
Recent Updates on TRNS stock
Transcat’s recent earnings call highlighted a mix of strategic achievements and financial challenges, influencing recent price target revisions. The company’s acquisition of Martin Calibration, expected to boost annual revenue by $25 million and expand market presence, was a key positive. Despite this, the earnings report revealed declines in organic service revenue, gross profit, net income, and adjusted EBITDA, largely due to holiday disruptions and difficulties in the solutions channel. These financial setbacks prompted analysts to lower their price targets, reflecting caution despite the acquisition’s anticipated synergies. Transcat’s forward guidance suggests potential for recovery in fiscal 2025, driven by strategic initiatives and market opportunities.
More about Transcat
YTD Price Performance: -27.39%
Average Trading Volume: 82,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $715.9M
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