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

Key Points

• TransAct Technologies stock has recently surpassed its 200-day moving average, trading at $4.78, up from a moving average of $4.01.
• Despite some analysts issuing a "Buy" rating, Weiss Ratings has set a "sell (d-)" rating with a consensus price target of $5.00.
• TransAct Technologies reported a better-than-expected earnings per share of ($0.01), exceeding analysts' forecasts, with a revenue of $13.80 million for the last quarter.

TransAct Technologies Incorporated (NASDAQ:TACT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.01 and traded as high as $5.26. TransAct Technologies shares last traded at $4.78, with a volume of 29,409 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of TransAct Technologies in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.00.

TransAct Technologies Price Performance

The stock has a market cap of $48.23 million, a price-to-earnings ratio of -5.56 and a beta of 1.09. The company's 50 day moving average is $4.73 and its 200 day moving average is $4.01.

TransAct Technologies (NASDAQ:TACT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. TransAct Technologies had a negative net margin of 18.00% and a negative return on equity of 4.02%. The company had revenue of $13.80 million during the quarter, compared to analysts' expectations of $12.55 million. Sell-side analysts predict that TransAct Technologies Incorporated will post -0.3 earnings per share for the current 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 TransAct Technologies Incorporated (NASDAQ:TACT - Free Report) by 31.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 544,259 shares of the technology company's stock after purchasing an additional 129,289 shares during the period. TransAct Technologies comprises approximately 1.4% of Silverberg Bernstein Capital Management LLC's 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 quarter. 74.46% of the stock is owned by hedge funds and other 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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