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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note published on Friday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Down 0.8 %

TACT stock opened at $3.80 on Friday. The firm has a 50 day simple moving average of $4.14 and a 200-day simple moving average of $4.22. The company has a market capitalization of $38.31 million, a P/E ratio of -19.00 and a beta of 1.80. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $5.47.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $10.23 million during the quarter, compared to analyst estimates 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, research analysts predict that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently made changes to their positions in TACT. Legato Capital Management LLC acquired a new position in TransAct Technologies in the fourth quarter worth $44,000. Essex Investment Management Co. LLC boosted its holdings in shares of TransAct Technologies by 20.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after buying an additional 7,402 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies during the 4th quarter valued at about $156,000. Gamco Investors INC. ET AL raised its stake 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. Finally, Dimensional Fund Advisors LP lifted its holdings in TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 8,015 shares during the last quarter. 74.46% of the stock is currently owned by 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.