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

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Saturday. The firm issued a buy rating on the technology company’s stock.

Separately, Craig Hallum decreased their price target on shares of TransAct Technologies from $9.00 to $7.50 and set a buy rating on the stock in a research report on Wednesday, May 8th.

TransAct Technologies Trading Up 0.2 %

TACT opened at $4.25 on Friday. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.97. The company has a market capitalization of $42.48 million, a PE ratio of 70.83 and a beta of 1.72. The firm’s 50 day simple moving average is $4.02 and its two-hundred day simple moving average is $4.56.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.14. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. The business had revenue of $11.60 million for the quarter, compared to the consensus estimate of $10.25 million. During the same period last year, the firm earned $0.22 earnings per share. Equities analysts forecast that TransAct Technologies will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of TransAct Technologies during the 4th quarter valued at $73,000. Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies during the 1st quarter valued at $79,000. Summit Trail Advisors LLC raised its position in shares of TransAct Technologies by 15.0% during the 4th quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock valued at $133,000 after purchasing an additional 2,483 shares during the period. Connors Investor Services Inc. increased its holdings in TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in TransAct Technologies by 8.6% in the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors.

TransAct Technologies Company Profile

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.