TransAct Technologies (NASDAQ:TACT) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

TransAct Technologies Incorporated (NASDAQ:TACT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.24 and traded as high as $4.48. TransAct Technologies shares last traded at $4.48, with a volume of 8,146 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on TransAct Technologies in a research note on Friday. They set a “hold” rating on the stock.

TransAct Technologies Stock Performance

The business has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $4.25. The firm has a market capitalization of $44.84 million, a PE ratio of -22.40 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The business had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.85 million. During the same period last year, the business earned $0.09 earnings per share. On average, equities analysts forecast that TransAct Technologies Incorporated will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC raised its holdings in shares of TransAct Technologies by 2.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after buying an additional 11,700 shares during the period. Essex Investment Management Co. LLC grew its position in TransAct Technologies by 66.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Bard Associates Inc. grew its position in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in TransAct Technologies in the 4th quarter valued at about $44,000. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.