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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note released on Friday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TACT stock opened at $4.48 on Friday. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $7.86. The stock has a 50 day moving average price of $4.25 and a 200 day moving average price of $4.25.

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

Hedge Funds Weigh In On TransAct Technologies

A number of large investors have recently added to or reduced their stakes in TACT. Silverberg Bernstein Capital Management LLC grew its stake in shares of TransAct Technologies by 2.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after acquiring an additional 11,700 shares during the last quarter. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 shares during the period. Essex Investment Management Co. LLC boosted its stake 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 in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in TransAct Technologies in the fourth quarter valued at approximately $44,000. 74.46% of the stock is currently owned by institutional investors.

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.