TransAct Technologies (NASDAQ:TACT) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

TransAct Technologies Incorporated (NASDAQ:TACT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.75 and traded as high as $4.44. TransAct Technologies shares last traded at $4.36, with a volume of 195,790 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded TransAct Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

TransAct Technologies Price Performance

The stock has a market cap of $45.95 million, a price-to-earnings ratio of -89.40 and a beta of 1.16. The stock has a fifty day moving average of $3.48 and a 200 day moving average of $3.76.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Tuesday, May 12th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. TransAct Technologies had a negative return on equity of 1.56% and a negative net margin of 0.93%.The firm had revenue of $14.42 million during the quarter, compared to the consensus estimate of $12.60 million.

TransAct Technologies announced that its board has approved a share buyback program on Wednesday, May 13th that permits the company to buyback $3.00 million in shares. This buyback authorization permits the technology company to buy up to 8.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at TransAct Technologies

In other news, CEO John Dillon bought 70,902 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $3.49 per share, with a total value of $247,447.98. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $349,000. This trade represents a 243.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of TransAct Technologies by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company’s stock valued at $462,000 after buying an additional 4,742 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of TransAct Technologies by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock valued at $494,000 after buying an additional 5,000 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of TransAct Technologies by 33.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock valued at $82,000 after buying an additional 5,100 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 1.7% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 591,179 shares of the technology company’s stock valued at $1,945,000 after buying an additional 10,156 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of TransAct Technologies in the third quarter valued at approximately $58,000. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

About TransAct Technologies

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.