TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

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

TransAct Technologies Price Performance

NASDAQ:TACT opened at $4.43 on Thursday. The company’s 50-day moving average is $4.20 and its two-hundred day moving average is $4.22. The firm has a market capitalization of $44.34 million, a price-to-earnings ratio of -22.15 and a beta of 1.73. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.90.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. The business had revenue of $10.87 million for the quarter, compared to analyst estimates of $11.85 million. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, equities analysts anticipate that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently modified their holdings of TACT. Gabelli Funds LLC increased its stake in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Bard Associates Inc. grew its stake in TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its holdings in TransAct Technologies by 2.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares during the period. 74.46% of the stock is owned by institutional investors and hedge funds.

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.