TransAct Technologies (NASDAQ:TACT) Shares Pass Above 200 Day Moving Average – Should You Sell?

TransAct Technologies Incorporated (NASDAQ:TACT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.26 and traded as high as $4.43. TransAct Technologies shares last traded at $4.33, with a volume of 17,716 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a report on Saturday. They issued a “hold” rating on the stock.

TransAct Technologies Stock Performance

The firm has a market capitalization of $43.34 million, a PE ratio of -21.65 and a beta of 1.73. The stock has a fifty day moving average price of $4.27 and a 200-day moving average price of $4.26.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, November 7th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.85 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. During the same quarter in the prior year, the company posted $0.09 earnings per share. Research analysts expect that TransAct Technologies Incorporated will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of TransAct Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TACT. Essex Investment Management Co. LLC raised its position in TransAct Technologies by 66.8% during the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Bard Associates Inc. grew its stake in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the period. Finally, Legato Capital Management LLC purchased a new position in shares of TransAct Technologies during the 4th quarter valued at approximately $44,000. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.