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

Analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT stock opened at $4.48 on Friday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.86. The firm has a market capitalization of $44.84 million, a price-to-earnings ratio of -22.40 and a beta of 1.73. The stock’s 50-day simple moving average is $4.25 and its 200-day simple moving average is $4.25.

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

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC boosted its position 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 buying an additional 11,700 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in TransAct Technologies by 66.8% in the third 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 during the period. Bard Associates Inc. lifted its holdings in TransAct Technologies by 2.3% in 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 during the period. Finally, Legato Capital Management LLC acquired a new position in TransAct Technologies in the fourth quarter valued at approximately $44,000. 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.