StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) 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 – Get Free Report) 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
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.
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