StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.
TransAct Technologies Stock Performance
TransAct Technologies stock opened at $4.70 on Tuesday. The company has a market cap of $46.98 million, a P/E ratio of 78.33 and a beta of 1.73. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The business has a fifty day moving average of $4.25 and a two-hundred day moving average of $4.30.
TransAct Technologies (NASDAQ:TACT – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.14. The business had revenue of $11.60 million during the quarter, compared to the consensus estimate of $10.25 million. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. During the same quarter in the previous year, the company posted $0.22 EPS. Sell-side analysts predict that TransAct Technologies will post -0.26 EPS for the current year.
Institutional Inflows and Outflows
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.
Read More
- Five stocks we like better than TransAct Technologies
- What is MarketRank™? How to Use it
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- Stock Market Sectors: What Are They and How Many Are There?
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- How to Use the MarketBeat Stock Screener
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
Receive News & Ratings for TransAct Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAct Technologies and related companies with MarketBeat.com's FREE daily email newsletter.