TransAct Technologies (NASDAQ:TACT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

TransAct Technologies Incorporated (NASDAQ:TACT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.12 and traded as high as $4.33. TransAct Technologies shares last traded at $4.24, with a volume of 16,988 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of TransAct Technologies in a research report on Thursday, October 10th. They set a “hold” rating on the stock.

TransAct Technologies Trading Down 0.2 %

The stock has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $4.12. The stock has a market capitalization of $42.30 million, a price-to-earnings ratio of -84.60 and a beta of 1.74.

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

Hedge Funds Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC increased its position in TransAct Technologies by 8.6% in the 2nd 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 last quarter. 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 in the last quarter. Bard Associates Inc. increased its holdings in TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares during the last quarter. Vanguard Group Inc. raised its position in TransAct Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 3,821 shares in the last quarter. Finally, Connors Investor Services Inc. lifted its stake in TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares during the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

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.