TransAct Technologies (NASDAQ:TACT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TransAct Technologies (NASDAQ:TACT) from a buy rating to a strong-buy rating in a research note published on Sunday morning.

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

TransAct Technologies Stock Down 0.7%

Shares of NASDAQ TACT opened at $4.47 on Friday. The stock’s fifty day simple moving average is $4.74 and its 200 day simple moving average is $4.24. The stock has a market capitalization of $45.21 million, a price-to-earnings ratio of -5.20 and a beta of 1.24. TransAct Technologies has a 52-week low of $3.12 and a 52-week high of $5.70.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Monday, November 10th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 4.02% and a negative net margin of 18.00%. As a group, analysts anticipate that TransAct Technologies will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC increased its position in TransAct Technologies by 31.2% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 544,259 shares of the technology company’s stock worth $1,992,000 after buying an additional 129,289 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of TransAct Technologies by 68.3% during 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. Teton Advisors LLC acquired a new position in shares of TransAct Technologies during the 3rd quarter valued at about $176,000. Arrowstreet Capital Limited Partnership bought a new position in shares of TransAct Technologies in the 3rd quarter valued at approximately $151,000. Finally, Susquehanna International Group LLP acquired a new stake in TransAct Technologies in the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

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.