TransAct Technologies (NASDAQ:TACT) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of TransAct Technologies Incorporated (NASDAQ:TACT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.37 and traded as high as $5.22. TransAct Technologies shares last traded at $5.12, with a volume of 8,484 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded TransAct Technologies to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded TransAct Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Finally, Zacks Research raised TransAct Technologies to a “hold” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

TransAct Technologies Trading Down 1.0%

The firm has a fifty day simple moving average of $5.18 and a 200 day simple moving average of $4.38. The stock has a market cap of $52.24 million, a price-to-earnings ratio of -126.50 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Globeflex Capital L P acquired a new position in shares of TransAct Technologies in the 2nd quarter valued at $258,000. Bard Associates Inc. acquired a new stake in shares of TransAct Technologies during the 2nd quarter valued at about $597,000. NewEdge Advisors LLC boosted its position in shares of TransAct Technologies by 35.3% during the 1st quarter. NewEdge Advisors LLC now owns 120,145 shares of the technology company’s stock valued at $395,000 after acquiring an additional 31,363 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in TransAct Technologies by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock valued at $494,000 after acquiring an additional 5,000 shares during the period. Finally, BlackRock Inc. bought a new stake in TransAct Technologies in the second quarter valued at about $1,413,000. 74.46% of the stock is owned by institutional investors.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.