TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

TransAct Technologies Stock Down 0.9 %

NASDAQ TACT opened at $4.51 on Wednesday. The stock’s 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $4.25. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The company has a market capitalization of $45.10 million, a price-to-earnings ratio of 76.00 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. The company had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $10.25 million. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. During the same period last year, the firm posted $0.22 EPS. On average, equities analysts expect that TransAct Technologies will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TACT. Bard Financial Services Inc. bought a new position in TransAct Technologies during the 1st quarter worth approximately $79,000. Vanguard Group Inc. grew its holdings in shares of TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 3,821 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after buying an additional 3,000 shares during the period. Connors Investor Services Inc. raised its holdings in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after buying an additional 9,999 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in 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 period. 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.