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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Wednesday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Price Performance

TACT stock opened at $3.52 on Wednesday. TransAct Technologies has a 1 year low of $3.22 and a 1 year high of $5.11. The firm has a market capitalization of $35.49 million, a P/E ratio of -17.60 and a beta of 1.17. The business’s 50-day moving average is $3.63 and its two-hundred day moving average is $4.02.

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

Institutional Trading of TransAct Technologies

A number of institutional investors have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC raised its position in shares of TransAct Technologies by 2.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 11,642 shares in the last quarter. Northern Trust Corp increased its stake in TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after purchasing an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of TransAct Technologies by 3.6% during the 4th 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 last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of TransAct Technologies in the 4th quarter valued at $156,000. 74.46% of the stock is owned by hedge funds and other 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.