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

Research analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Trading Up 1.3 %

TACT stock opened at $3.94 on Thursday. The firm has a market cap of $39.44 million, a P/E ratio of -19.70 and a beta of 1.80. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $5.61. The stock’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $4.24.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $10.23 million for the quarter, compared to analyst estimates of $10.37 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. On average, research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC increased its position 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 buying an additional 7,402 shares during the period. Legato Capital Management LLC acquired a new stake in TransAct Technologies in the fourth quarter worth $44,000. Northern Trust Corp increased its position in TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares during the period. Dimensional Fund Advisors LP increased its position in TransAct Technologies by 2.3% in the fourth 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 during the period. Finally, Gamco Investors INC. ET AL increased its position in TransAct Technologies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after buying an additional 5,000 shares during the period. 74.46% of the stock is owned by institutional investors and hedge funds.

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.