TransAct Technologies (NASDAQ:TACT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Monday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

TACT opened at $3.50 on Monday. TransAct Technologies has a 1 year low of $3.23 and a 1 year high of $5.47. The company’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $4.09. The stock has a market capitalization of $35.28 million, a PE ratio of -17.50 and a beta of 1.34.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The company had revenue of $10.23 million for the quarter, compared to the consensus estimate of $10.37 million. As a group, sell-side analysts expect that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

A number of large investors have recently modified their holdings of TACT. Legato Capital Management LLC acquired a new stake in TransAct Technologies during the 4th quarter worth approximately $44,000. Quinn Opportunity Partners LLC purchased a new stake in TransAct Technologies during the fourth quarter worth approximately $156,000. Essex Investment Management Co. LLC increased its position in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares in the last quarter. Northern Trust Corp raised its stake in shares of TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of TransAct Technologies by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares in the last quarter. 74.46% of the stock is currently 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.