TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at StockNews.com

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

TransAct Technologies Stock Performance

TransAct Technologies stock opened at $4.42 on Monday. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The stock’s 50 day moving average price is $4.15 and its 200 day moving average price is $4.37. The firm has a market capitalization of $44.20 million, a PE ratio of 73.67 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.03) EPS 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 business had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $10.25 million. During the same period in the previous year, the company posted $0.22 earnings per share. On average, analysts forecast that TransAct Technologies will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in TransAct Technologies during the 4th quarter valued at approximately $73,000. Bard Financial Services Inc. acquired a new stake in shares of TransAct Technologies during the first quarter worth approximately $79,000. Connors Investor Services Inc. increased its stake in shares of TransAct Technologies by 56.5% in the second 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 raised its holdings in TransAct Technologies by 8.6% in the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Bard Associates Inc. boosted its stake in TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 1,750 shares during 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.