StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 0.6 %

Shares of NASDAQ:TACT opened at $3.57 on Friday. The firm has a market cap of $35.99 million, a PE ratio of -17.85 and a beta of 1.34. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $5.47. The company has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $4.15.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC raised its stake in TransAct Technologies by 2.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock valued at $1,527,000 after purchasing an additional 11,642 shares during the last quarter. Northern Trust Corp raised its stake in shares of TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares during the period. 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 in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in TransAct Technologies during the fourth quarter worth about $156,000. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.