TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report published on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TACT opened at $4.32 on Monday. The firm’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $4.40. The company has a market capitalization of $43.20 million, a P/E ratio of 72.00 and a beta of 1.73. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.97.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. The business had revenue of $11.60 million for the quarter, compared to the consensus estimate of $10.25 million. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. During the same period last year, the firm posted $0.22 earnings per share. On average, equities analysts anticipate that TransAct Technologies will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in TransAct Technologies in the fourth quarter valued at approximately $73,000. Bard Financial Services Inc. bought a new position in TransAct Technologies during the first quarter valued at approximately $79,000. Connors Investor Services Inc. grew its position in TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares during the last quarter. Gabelli Funds LLC grew its position in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Bard Associates Inc. grew its position in TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 1,750 shares during the last quarter. 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.