TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Up 0.4 %

NASDAQ:TACT opened at $4.52 on Thursday. The firm has a 50 day moving average of $4.18 and a 200 day moving average of $4.21. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.97. The stock has a market capitalization of $45.25 million, a price-to-earnings ratio of -22.60 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $10.87 million for the quarter, compared to the consensus estimate of $11.85 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, analysts expect that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Trading of TransAct Technologies

Several large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its stake 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 acquiring an additional 3,000 shares during the period. Essex Investment Management Co. LLC grew its holdings in TransAct Technologies by 66.8% during the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after acquiring an additional 14,599 shares during the period. Bard Associates Inc. raised its position in TransAct Technologies by 2.3% during the third 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, Silverberg Bernstein Capital Management LLC lifted its holdings in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 11,700 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.