TransAct Technologies (NASDAQ:TACT) Shares Pass Above 200-Day Moving Average of $6.69


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TransAct Technologies Incorporated (NASDAQ:TACT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.69 and traded as high as $10.08. TransAct Technologies shares last traded at $9.82, with a volume of 22,054 shares.

A number of research firms recently commented on TACT. Barrington Research began coverage on TransAct Technologies in a report on Monday, November 2nd. They set an “outperform” rating and a $16.00 target price for the company. Roth Capital initiated coverage on TransAct Technologies in a report on Monday, November 2nd. They set a “buy” rating and a $16.00 target price for the company.

The firm has a 50-day moving average of $8.57 and a two-hundred day moving average of $6.71. The company has a quick ratio of 1.06, a current ratio of 2.89 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $86.70 million, a PE ratio of -16.47 and a beta of 2.06.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. The company had revenue of $7.30 million during the quarter, compared to analysts’ expectations of $7.17 million. TransAct Technologies had a negative return on equity of 18.33% and a negative net margin of 13.27%. Equities analysts predict that TransAct Technologies Incorporated will post -0.62 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TACT. M&T Bank Corp increased its position in shares of TransAct Technologies by 43.2% in the third quarter. M&T Bank Corp now owns 31,500 shares of the technology company’s stock valued at $158,000 after buying an additional 9,500 shares in the last quarter. Acuitas Investments LLC increased its position in shares of TransAct Technologies by 23.7% in the third quarter. Acuitas Investments LLC now owns 129,299 shares of the technology company’s stock valued at $647,000 after buying an additional 24,760 shares in the last quarter. Cowen Prime Services LLC increased its position in shares of TransAct Technologies by 12.7% in the fourth quarter. Cowen Prime Services LLC now owns 247,467 shares of the technology company’s stock valued at $1,757,000 after buying an additional 27,900 shares in the last quarter. Finally, Harbert Fund Advisors Inc. increased its position in shares of TransAct Technologies by 13.0% in the third quarter. Harbert Fund Advisors Inc. now owns 513,911 shares of the technology company’s stock valued at $2,570,000 after buying an additional 59,213 shares in the last quarter. Institutional investors own 36.10% of the company’s stock.

TransAct Technologies Company Profile (NASDAQ:TACT)

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal and inkjet printers and terminals to generates labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.

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