TransAct Technologies (NASDAQ:TACT) Stock Rating Lowered by Wall Street Zen

TransAct Technologies (NASDAQ:TACT) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of TransAct Technologies in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.00.

TransAct Technologies Trading Up 0.5%

Shares of TransAct Technologies stock opened at $4.13 on Friday. The firm has a market cap of $41.75 million, a PE ratio of -5.16 and a beta of 1.19. The stock has a 50 day moving average of $4.47 and a 200 day moving average of $4.29. TransAct Technologies has a 12 month low of $3.12 and a 12 month high of $5.70.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Monday, November 10th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $13.18 million during the quarter, compared to analyst estimates of $13.10 million. TransAct Technologies had a negative net margin of 16.05% and a negative return on equity of 2.42%. As a group, equities research analysts forecast that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TACT. Coldstream Capital Management Inc. purchased a new position in shares of TransAct Technologies during the third quarter worth $58,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of TransAct Technologies during the 3rd quarter valued at approximately $151,000. Teton Advisors LLC acquired a new stake in TransAct Technologies in the 3rd quarter valued at $176,000. Susquehanna International Group LLP purchased a new stake in TransAct Technologies in the 3rd quarter worth $225,000. Finally, Quinn Opportunity Partners LLC increased its holdings in TransAct Technologies by 68.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock worth $235,000 after acquiring an additional 26,083 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

About TransAct Technologies

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.