TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

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

TransAct Technologies Stock Down 2.3 %

Shares of NASDAQ:TACT opened at $3.89 on Thursday. The firm’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.24. The stock has a market cap of $38.94 million, a price-to-earnings ratio of -19.45 and a beta of 1.80. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $5.86.

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, beating analysts’ consensus estimates of ($0.09) by $0.03. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The business had revenue of $10.23 million for the quarter, compared to analyst estimates of $10.37 million. On average, equities analysts anticipate that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC acquired a new stake in TransAct Technologies during the fourth quarter worth approximately $44,000. Quinn Opportunity Partners LLC purchased a new stake in shares of TransAct Technologies during the 4th quarter worth approximately $156,000. Essex Investment Management Co. LLC lifted its position in TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after acquiring an additional 7,402 shares during the last quarter. Northern Trust Corp lifted its position in TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in TransAct Technologies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds 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.