TransAct Technologies (NASDAQ:TACT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Friday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Down 0.8 %

Shares of TACT stock opened at $3.80 on Friday. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $5.47. The firm has a 50 day moving average of $4.14 and a 200-day moving average of $4.22. The company has a market cap of $38.31 million, a price-to-earnings ratio of -19.00 and a beta of 1.80.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm 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%. Analysts anticipate that TransAct Technologies will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies during the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC grew its position in 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 purchasing an additional 7,402 shares during the period. Quinn Opportunity Partners LLC bought a new stake in TransAct Technologies during the 4th quarter valued at $156,000. Gamco Investors INC. ET AL raised its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after buying an additional 8,015 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.

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.