TransAct Technologies (NASDAQ:TACT) Earns Buy Rating from Analysts at StockNews.com

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

TransAct Technologies Trading Down 2.0 %

Shares of TACT opened at $4.25 on Friday. The business’s 50-day moving average price is $4.08 and its 200 day moving average price is $4.46. The stock has a market capitalization of $42.50 million, a P/E ratio of 70.83 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 posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. The firm had revenue of $11.60 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.22 EPS. On average, research analysts predict that TransAct Technologies will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On TransAct Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TACT. Victory Capital Management Inc. purchased a new stake in shares of TransAct Technologies during the fourth quarter worth $73,000. Bard Financial Services Inc. purchased a new stake in shares of TransAct Technologies during the 1st quarter worth about $79,000. Connors Investor Services Inc. raised its stake in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares during the last quarter. Finally, Bard Associates Inc. grew its stake in shares of TransAct Technologies by 1.1% in the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after buying an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

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.