TransAct Technologies (NASDAQ:TACT – Get Free Report) released its earnings results on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03, Zacks reports. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%.
TransAct Technologies Stock Performance
Shares of TACT stock traded down $0.03 during mid-day trading on Thursday, hitting $3.60. The company’s stock had a trading volume of 11,156 shares, compared to its average volume of 14,332. The stock has a market cap of $36.04 million, a price-to-earnings ratio of -18.00 and a beta of 1.80. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.86. The business has a 50-day moving average price of $4.28 and a 200 day moving average price of $4.26.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on TransAct Technologies in a research note on Wednesday. They set a “hold” rating for the company.
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.
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