TransAct Technologies (NASDAQ:TACT) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• TransAct Technologies' stock price has recently crossed above its 200-day moving average of $3.91, reaching a high of $5.38 before closing at $5.20.
• The company reported an earnings per share of ($0.01) for the last quarter, which was better than analyst estimates of ($0.05), with revenues of $13.80 million.
• Institutional ownership of TransAct Technologies stands at 74.46%, with Silverberg Bernstein Capital Management increasing its position by 31.2% in the recent quarter.

TransAct Technologies Incorporated (NASDAQ:TACT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.91 and traded as high as $5.38. TransAct Technologies shares last traded at $5.20, with a volume of 11,163 shares trading hands.

TransAct Technologies Trading Down 3.2%

The firm has a market capitalization of $52.47 million, a P/E ratio of -6.05 and a beta of 1.09. The business's 50 day simple moving average is $4.44 and its two-hundred day simple moving average is $3.91.

TransAct Technologies (NASDAQ:TACT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The business had revenue of $13.80 million during the quarter, compared to analyst estimates of $12.55 million. TransAct Technologies had a negative net margin of 18.00% and a negative return on equity of 4.02%. Analysts predict that TransAct Technologies Incorporated will post -0.3 EPS for the current fiscal year.

Institutional Trading of TransAct Technologies

An institutional investor recently raised its position in TransAct Technologies stock. Silverberg Bernstein Capital Management LLC raised its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT - Free Report) by 31.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 544,259 shares of the technology company's stock after purchasing an additional 129,289 shares during the quarter. TransAct Technologies accounts for about 1.4% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Silverberg Bernstein Capital Management LLC owned 5.40% of TransAct Technologies worth $1,992,000 at the end of the most recent reporting period. 74.46% of the stock is owned by institutional investors.

TransAct Technologies Company Profile

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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