StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) in a research report report published on Tuesday. The firm issued a buy rating on the technology company’s stock.
TransAct Technologies Stock Performance
Shares of TACT opened at $4.76 on Tuesday. The company has a 50 day moving average price of $4.26 and a 200-day moving average price of $4.28. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The stock has a market capitalization of $47.60 million, a PE ratio of 79.33 and a beta of 1.73.
TransAct Technologies (NASDAQ:TACT – Get Free Report) last posted 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 return on equity of 1.31% and a negative net margin of 0.97%. The company had revenue of $11.60 million during the quarter, compared to analyst estimates of $10.25 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities research analysts forecast that TransAct Technologies will post -0.26 EPS for the current year.
Institutional Trading of TransAct Technologies
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.
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