StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

Equities research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Down 0.8 %

TACT opened at $3.80 on Friday. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.47. The stock has a market cap of $38.31 million, a P/E ratio of -19.00 and a beta of 1.80. The business has a fifty day moving average of $4.14 and a 200 day moving average of $4.22.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.37 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. Equities analysts anticipate that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC raised its holdings in shares of TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 shares during the last quarter. Legato Capital Management LLC purchased a new position in TransAct Technologies during the fourth quarter worth approximately $44,000. Northern Trust Corp increased its position in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 8,015 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after acquiring an additional 5,000 shares during the period. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.