TransAct Technologies (NASDAQ:TACT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report released on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

TransAct Technologies Stock Down 0.2 %

Shares of TACT opened at $4.50 on Wednesday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The company has a market cap of $44.98 million, a P/E ratio of 75.00 and a beta of 1.73. The firm’s 50 day moving average price is $4.32 and its 200 day moving average price is $4.25.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. The business had revenue of $11.60 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.22 earnings per share. Research analysts forecast that TransAct Technologies will post -0.26 earnings per share for the current year.

Institutional Trading of TransAct Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC raised its stake 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 3,821 shares during the last quarter. Gabelli Funds LLC lifted its stake in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the last quarter. Connors Investor Services Inc. lifted its stake in TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares during the last quarter. Finally, Bard Financial Services Inc. acquired a new position in TransAct Technologies in the first quarter valued at approximately $79,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

About TransAct Technologies

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.