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

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

TransAct Technologies Trading Down 4.3 %

TACT stock opened at $3.52 on Wednesday. The company has a market capitalization of $35.49 million, a P/E ratio of -17.60 and a beta of 1.17. The business has a 50 day simple moving average of $3.63 and a 200-day simple moving average of $4.02. TransAct Technologies has a twelve month low of $3.22 and a twelve month high of $5.11.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping 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 firm had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.37 million. Research analysts predict that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Trading of TransAct Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legato Capital Management LLC acquired a new position in shares of TransAct Technologies in the fourth quarter valued at approximately $44,000. Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies in the 4th quarter valued at $156,000. Essex Investment Management Co. LLC raised its position in TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after buying an additional 7,402 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of 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 in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of 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 in the last quarter. 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.