Weiss Ratings Reaffirms "Sell (D-)" Rating for TransAct Technologies (NASDAQ:TACT)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for TransAct Technologies (NASDAQ: TACT), indicating continued concerns about the company's financial health.
• Despite a recent earnings report where TransAct Technologies posted $13.80 million in revenue, the company still had a negative net margin of 18.00%.
• An institutional investor, Quinn Opportunity Partners LLC, increased its position in TransAct Technologies by 68.3% during the second quarter, indicating some investor confidence despite overall negative ratings.

TransAct Technologies (NASDAQ:TACT - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

TransAct Technologies Trading Up 3.4%

Shares of NASDAQ TACT opened at $5.54 on Wednesday. TransAct Technologies has a 12-month low of $3.12 and a 12-month high of $5.70. The stock has a market cap of $55.90 million, a PE ratio of -6.44 and a beta of 1.09. The company has a 50-day moving average of $4.57 and a 200 day moving average of $3.95.

TransAct Technologies (NASDAQ:TACT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, sell-side analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

An institutional investor recently raised its position in TransAct Technologies stock. Quinn Opportunity Partners LLC raised its position in TransAct Technologies Incorporated (NASDAQ:TACT - Free Report) by 68.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,288 shares of the technology company's stock after purchasing an additional 26,083 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.64% of TransAct Technologies worth $235,000 as of its most recent SEC filing. Institutional investors and hedge funds own 74.46% of the company's stock.

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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