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

Equities research analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

NASDAQ:TACT opened at $3.98 on Thursday. The stock’s fifty day moving average price is $4.23 and its two-hundred day moving average price is $4.24. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.86. The company has a market cap of $39.84 million, a price-to-earnings ratio of -19.90 and a beta of 1.80.

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

Institutional Trading of TransAct Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after acquiring an additional 7,402 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies during the 4th quarter valued at $44,000. Northern Trust Corp raised its position in shares of TransAct Technologies by 33.8% during the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 8,015 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised 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 valued at $593,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors 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.