StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT - Get Free Report) in a research note issued on Friday. The brokerage set a "buy" rating on the technology company's stock.
Separately, Craig Hallum dropped their price target on shares of TransAct Technologies from $9.00 to $7.50 and set a "buy" rating on the stock in a research report on Wednesday.
Check Out Our Latest Stock Report on TACT
TransAct Technologies Stock Up 1.3 %
TACT stock traded up $0.05 during mid-day trading on Friday, reaching $3.84. 41,959 shares of the company traded hands, compared to its average volume of 20,128. The stock has a market cap of $38.25 million, a price-to-earnings ratio of 8.17 and a beta of 1.86. TransAct Technologies has a fifty-two week low of $3.70 and a fifty-two week high of $9.44. The firm's 50 day moving average price is $5.20 and its 200 day moving average price is $6.39.
TransAct Technologies (NASDAQ:TACT - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.01) EPS for the quarter. The company had revenue of $13.27 million during the quarter, compared to analysts' expectations of $13.90 million. TransAct Technologies had a net margin of 6.54% and a return on equity of 15.96%. On average, analysts anticipate that TransAct Technologies will post -0.25 EPS for the current fiscal year.
Institutional Trading of TransAct Technologies
Institutional investors and hedge funds have recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC purchased a new position in shares of TransAct Technologies in the 4th quarter worth about $2,873,000. Heron Bay Capital Management purchased a new position in TransAct Technologies in the fourth quarter valued at about $116,000. O Shaughnessy Asset Management LLC bought a new position in shares of TransAct Technologies during the 3rd quarter valued at approximately $103,000. Bard Financial Services Inc. purchased a new stake in shares of TransAct Technologies during the 1st quarter worth approximately $79,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of TransAct Technologies during the 4th quarter worth approximately $73,000. 74.46% of the stock is owned by hedge funds and other institutional investors.
TransAct Technologies Company Profile
(
Get Free Report)
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.
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