TransAct Technologies (NASDAQ:TACT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT stock opened at $3.49 on Friday. The stock has a 50 day moving average price of $4.05 and a 200 day moving average price of $4.19. The firm has a market capitalization of $35.18 million, a P/E ratio of -17.45 and a beta of 1.34. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.47.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.37 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. As a group, sell-side analysts forecast that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Trading of TransAct Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in TransAct Technologies by 33.8% during the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after purchasing an additional 13,386 shares during the period. Dimensional Fund Advisors LP grew its position in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after buying an additional 8,015 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after buying an additional 5,000 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies in the fourth quarter valued at about $156,000. Finally, Essex Investment Management Co. LLC lifted its stake in TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares during the period. Institutional investors own 74.46% of the company’s stock.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.