TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the technology company’s stock.

TACT has been the topic of several other research reports. Roth Capital reaffirmed a “buy” rating on shares of TransAct Technologies in a report on Wednesday. Roth Mkm decreased their price objective on shares of TransAct Technologies from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday.

TransAct Technologies Stock Performance

Shares of TransAct Technologies stock opened at $3.50 on Thursday. The stock has a market capitalization of $35.28 million, a P/E ratio of -17.50 and a beta of 1.17. TransAct Technologies has a 52-week low of $3.12 and a 52-week high of $5.11. The stock’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $4.00.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.10. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. The firm had revenue of $13.05 million during the quarter, compared to analyst estimates of $11.04 million. Equities research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds have recently made changes to their positions in TACT. Gamco Investors INC. ET AL boosted its position in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after purchasing an additional 5,000 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after buying an additional 7,402 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after buying an additional 8,015 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies during the 4th quarter valued at $44,000. Finally, Silverberg Bernstein Capital Management LLC grew its position in shares of TransAct Technologies by 2.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock worth $1,527,000 after buying an additional 11,642 shares during the period. 74.46% of the stock is owned by hedge funds and other institutional investors.

About TransAct Technologies

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.