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

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report report published on Monday. The brokerage issued a buy rating on the technology company’s stock.

TransAct Technologies Stock Up 2.8 %

Shares of NASDAQ:TACT opened at $4.45 on Monday. The firm has a market cap of $44.48 million, a P/E ratio of 74.17 and a beta of 1.73. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The business has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.37.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.14. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. The firm had revenue of $11.60 million during the quarter, compared to analyst estimates of $10.25 million. During the same period last year, the company posted $0.22 EPS. As a group, equities research analysts expect that TransAct Technologies will post -0.26 EPS for the current year.

Institutional Trading of TransAct Technologies

Several large investors have recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC grew its stake in shares of TransAct Technologies by 0.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock valued at $1,555,000 after buying an additional 3,000 shares during the period. Vanguard Group Inc. boosted its stake in TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares during the last quarter. Bard Associates Inc. boosted its stake in TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 1,750 shares during the last quarter. Gabelli Funds LLC boosted its stake in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. boosted its stake in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares during the last quarter. 74.46% of the stock is currently 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.