TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note released on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 3.7 %

Shares of NASDAQ TACT opened at $3.62 on Friday. The stock has a market cap of $36.49 million, a PE ratio of -18.10 and a beta of 1.34. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $5.47. The company has a 50-day moving average of $4.04 and a 200 day moving average of $4.19.

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

Institutional Inflows and Outflows

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

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.