TransAct Technologies (NASDAQ:TACT) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TransAct Technologies (NASDAQ:TACT) issued its earnings results on Thursday. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03, Zacks reports. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The company had revenue of $10.23 million for the quarter, compared to the consensus estimate of $10.37 million. TransAct Technologies updated its FY 2025 guidance to EPS.

TransAct Technologies Trading Up 3.3 %

Shares of NASDAQ:TACT opened at $3.72 on Friday. The stock has a market capitalization of $37.24 million, a P/E ratio of -18.60 and a beta of 1.80. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $5.86. The business has a 50-day moving average price of $4.27 and a two-hundred day moving average price of $4.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on TransAct Technologies in a report on Wednesday. They issued a “hold” rating for the company.

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.