Stock Story -
What Happened:Shares of measurement equipment distributor Transcat (NASDAQ:TRNS) fell 12.2% in the morning session after the company reported second-quarter earnings results. Transcat's revenue and adjusted EBITDA unfortunately missed in the quarter. However, the company expects "organic Service revenue growth in the high single-digit to low double-digit range" for the full year, slightly above expectations. Overall, this was a mixed but weaker quarter for Transcat.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Transcat? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Transcat's shares are not very volatile than the market average and over the last year have had only 8 moves greater than 5%. Moves this big are very rare for Transcat and that is indicating to us that this news had a significant impact on the market's perception of the business.
Transcat is up 9.5% since the beginning of the year, but at $118.42 per share it is still trading 17.8% below its 52-week high of $144.07 from July 2024. Investors who bought $1,000 worth of Transcat's shares 5 years ago would now be looking at an investment worth $4,996.
![Why Transcat (TRNS) Stock Is Falling Today](https://d68-invdn-com.investing.com/content/picb8ab70575795aa0e45f2a76619203fa0.jpeg)