TransAct Technologies (NASDAQ:TACT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Monday. The brokerage issued a buy rating on the technology company’s stock.

TransAct Technologies Trading Down 0.7 %

TACT stock opened at $4.42 on Monday. The stock’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.37. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The firm has a market cap of $44.20 million, a P/E ratio of 73.67 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last issued its earnings results 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. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. The company had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $10.25 million. During the same period in the prior year, the company earned $0.22 earnings per share. On average, research analysts forecast that TransAct Technologies will post -0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TACT. Victory Capital Management Inc. acquired a new stake in shares of TransAct Technologies during the 4th quarter worth approximately $73,000. Bard Financial Services Inc. acquired a new position in TransAct Technologies during the 1st quarter valued at approximately $79,000. Connors Investor Services Inc. grew its stake in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares during the last quarter. Gabelli Funds LLC increased its position in TransAct Technologies by 8.6% in the second 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 TransAct Technologies by 1.1% in the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after buying an additional 1,750 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.