TransAct Technologies (NASDAQ:TACT) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• TransAct Technologies shares moved above their 200-day moving average, reaching $5.22 and last trading at $5.12, compared with a 200-day average of $4.37.
• Analyst sentiment remains cautious: coverage includes one Hold and one Sell rating, resulting in a consensus rating of “Reduce.”
• Institutional ownership is substantial at 74.46%, with firms including BlackRock, Bard Associates, and Globeflex Capital recently acquiring or increasing positions.

TransAct Technologies Incorporated (NASDAQ:TACT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.37 and traded as high as $5.22. TransAct Technologies shares last traded at $5.12, with a volume of 8,484 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TACT shares. Weiss Ratings upgraded shares of TransAct Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of TransAct Technologies to a "hold" rating in a report on Saturday, July 18th. Finally, Zacks Research upgraded shares of TransAct Technologies to a "hold" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce".

TransAct Technologies Stock Performance

The stock has a market capitalization of $52.84 million, a price-to-earnings ratio of -128.00 and a beta of 1.22. The company has a 50-day moving average of $5.18 and a 200-day moving average of $4.37.

Institutional Trading of TransAct Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Globeflex Capital L P purchased a new position in TransAct Technologies in the 2nd quarter valued at about $258,000. Bard Associates Inc. acquired a new stake in shares of TransAct Technologies during the 2nd quarter worth about $597,000. NewEdge Advisors LLC grew its holdings in shares of TransAct Technologies by 35.3% during the first quarter. NewEdge Advisors LLC now owns 120,145 shares of the technology company's stock worth $395,000 after buying an additional 31,363 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of TransAct Technologies by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company's stock worth $494,000 after buying an additional 5,000 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in shares of TransAct Technologies in the second quarter valued at approximately $1,413,000. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

TransAct Technologies Company Profile

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.

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