TransAct Technologies (NASDAQ:TACT) Issues Quarterly Earnings Results

TransAct Technologies (NASDAQ:TACT) posted its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03, Zacks reports. The business had revenue of $10.23 million for the quarter, compared to analyst estimates of $10.37 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. TransAct Technologies updated its FY 2025 guidance to EPS.

TransAct Technologies Stock Up 1.9 %

NASDAQ TACT traded up $0.07 on Friday, hitting $3.67. 53,149 shares of the stock were exchanged, compared to its average volume of 15,201. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $5.86. The company has a 50-day moving average price of $4.27 and a 200-day moving average price of $4.25. The company has a market cap of $36.74 million, a PE ratio of -18.35 and a beta of 1.80.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on TransAct Technologies in a report on Wednesday. They set a “hold” rating on the 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.