TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report report published on Thursday. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Price Performance

NASDAQ:TACT opened at $4.52 on Thursday. The stock has a 50 day moving average of $4.19 and a 200-day moving average of $4.21. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.97.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $10.87 million during the quarter, compared to the consensus estimate of $11.85 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. During the same period in the prior year, the business earned $0.09 EPS. As a group, sell-side analysts anticipate that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC increased its stake in shares of TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares during the period. Gabelli Funds LLC grew 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 worth $143,000 after buying an additional 3,000 shares in the last quarter. Bard Associates Inc. increased its position in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its stake in TransAct Technologies by 2.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 11,700 shares in the last quarter. 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.