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 Thursday. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 1.3 %

Shares of NASDAQ TACT opened at $3.94 on Thursday. The stock has a market capitalization of $39.44 million, a PE ratio of -19.70 and a beta of 1.80. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $5.52. The stock has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.24.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company 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%. On average, equities analysts predict that TransAct Technologies will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in TransAct Technologies in the 4th quarter valued at about $44,000. Quinn Opportunity Partners LLC purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $156,000. Essex Investment Management Co. LLC grew its position in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after purchasing an additional 7,402 shares during the last quarter. Northern Trust Corp increased its stake in shares of TransAct Technologies by 33.8% during the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after purchasing an additional 13,386 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased 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 buying an additional 5,000 shares in the last quarter. 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.