StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Rating) in a report issued on Monday. The firm set a "sell" rating on the technology company's stock.
Separately, Barrington Research dropped their price target 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.
Get TransAct Technologies alerts:TransAct Technologies Trading Down 0.2 %
NASDAQ TACT opened at $4.59 on Monday. The stock has a 50-day moving average of $4.38 and a 200-day moving average of $5.48. The firm has a market cap of $45.49 million, a PE ratio of -7.29 and a beta of 1.76. 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 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 period in the prior year, the company posted ($0.24) EPS. As a group, equities research analysts forecast that TransAct Technologies will post -1.11 earnings per share for the current fiscal year.Institutional Trading of TransAct Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the business. 325 Capital LLC lifted its position in shares of 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 purchasing an additional 61,909 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of TransAct Technologies during the second quarter valued at $3,910,000. Wasatch Advisors Inc. raised its holdings 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 during the last quarter. Renaissance Technologies LLC raised its holdings 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 during the last quarter. Finally, Roubaix Capital LLC raised its holdings in TransAct Technologies by 40.9% during the 1st quarter. Roubaix Capital LLC now owns 184,759 shares of the technology company's stock worth $1,304,000 after purchasing an additional 53,644 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.
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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