StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Rating) in a research note released on Saturday. The brokerage issued a sell rating on the technology company's stock.
Separately, Barrington Research cut their price objective on TransAct Technologies from $13.00 to $12.00 and set an outperform rating for the company in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $12.67.
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TransAct Technologies Stock Performance
TACT stock opened at $4.50 on Friday. TransAct Technologies has a twelve month low of $3.60 and a twelve month high of $14.95. The business has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $5.83. The company has a market capitalization of $44.60 million, a P/E ratio of -7.14 and a beta of 1.79.
TransAct Technologies (NASDAQ:TACT – Get Rating) last released its quarterly earnings results on Wednesday, August 17th. The technology company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.10. TransAct Technologies had a negative return on equity of 26.17% and a negative net
margin of 14.10%. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Research analysts predict that TransAct Technologies will post -1.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. 325 Capital LLC raised its position in TransAct Technologies by 6.5% in the first quarter. 325 Capital LLC now owns 1,011,789 shares of the technology company's stock worth $7,143,000 after acquiring an additional 61,909 shares in the last quarter. B. Riley Financial Inc. purchased a new position in shares of TransAct Technologies in the second quarter valued at $3,910,000. Wasatch Advisors Inc. increased its position in shares of TransAct Technologies by 17.2% in the fourth quarter. Wasatch Advisors Inc. now owns 567,805 shares of the technology company's stock valued at $6,189,000 after buying an additional 83,338 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of TransAct Technologies by 11.6% in the second quarter. Renaissance Technologies LLC now owns 382,636 shares of the technology company's stock valued at $1,523,000 after buying an additional 39,773 shares in the last quarter. Finally, Roubaix Capital LLC increased its position in shares of 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 buying an additional 53,644 shares in the last quarter. Hedge funds and other institutional investors own 74.60% of the company's stock.
About TransAct Technologies
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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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