StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Rating) in a research note issued to investors on Friday morning. The firm issued a sell rating on the technology company's stock.
Separately, Barrington Research dropped their target price on shares of TransAct Technologies from $13.00 to $12.00 and set an outperform rating for the company in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $12.67.
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TransAct Technologies Stock Performance
TransAct Technologies stock opened at $4.46 on Friday. The company has a market capitalization of $44.20 million, a P/E ratio of -7.08 and a beta of 1.79. The firm's fifty day simple moving average is $4.23 and its 200-day simple moving average is $6.04. TransAct Technologies has a 1-year low of $3.60 and a 1-year high of $14.95.
TransAct Technologies (NASDAQ:TACT – Get Rating) last posted its quarterly earnings results on Wednesday, August 17th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.10. TransAct Technologies had a negative net
margin of 14.10% and a negative return on equity of 25.29%. During the same period last year, the business posted ($0.24) EPS. On average, equities research analysts predict that TransAct Technologies will post -1.2 earnings per share for the current year.
Hedge Funds Weigh In On TransAct Technologies
Several large investors have recently modified their holdings of TACT. Roubaix Capital LLC increased its stake in TransAct Technologies by 40.9% in the first quarter. Roubaix Capital LLC now owns 184,759 shares of the technology company's stock valued at $1,304,000 after acquiring an additional 53,644 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of TransAct Technologies by 17.2% during the fourth quarter. Wasatch Advisors Inc. now owns 567,805 shares of the technology company's stock valued at $6,189,000 after purchasing an additional 83,338 shares during the period. Renaissance Technologies LLC increased its position in shares of TransAct Technologies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 349,547 shares of the technology company's stock worth $3,810,000 after acquiring an additional 4,910 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of TransAct Technologies during the second quarter worth about $58,000. Finally, Connors Investor Services Inc. increased its position in shares of TransAct Technologies by 36.7% during the second quarter. Connors Investor Services Inc. now owns 41,700 shares of the technology company's stock worth $168,000 after acquiring an additional 11,200 shares in the last quarter. 74.60% of the stock is owned by institutional investors.
TransAct Technologies Company Profile
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TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal printers and terminals to generates labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.
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