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

Stock analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Trading Down 2.7 %

Shares of TACT stock opened at $4.33 on Friday. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.86. The business’s 50 day moving average is $4.27 and its two-hundred day moving average is $4.27. The company has a market capitalization of $43.34 million, a P/E ratio of -21.65 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last issued 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 firm had revenue of $10.87 million for the quarter, compared to analyst estimates of $11.85 million. During the same period last year, the company posted $0.09 EPS. On average, research analysts predict that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of large investors have recently modified their holdings of the business. Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies in the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC raised its holdings in shares of TransAct Technologies by 66.8% during the 3rd 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. Finally, Bard Associates Inc. boosted its position in shares of TransAct Technologies by 2.3% during 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 during the last quarter. 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.