TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) 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) 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of TransAct Technologies during the fourth quarter worth $73,000. Bard Financial Services Inc. acquired a new stake in TransAct Technologies in the 1st quarter valued at $79,000. Connors Investor Services Inc. boosted its holdings in TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the period. Gabelli Funds LLC increased 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 worth $143,000 after buying an additional 3,000 shares during the period. Finally, Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 1.1% in the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 1,750 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other 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.