TransAct Technologies (NASDAQ:TACT) Now Covered by Analysts at StockNews.com

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

TransAct Technologies Stock Performance

NASDAQ:TACT opened at $4.48 on Friday. The company’s 50-day moving average is $4.25 and its two-hundred day moving average is $4.25. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.86.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $10.87 million during the quarter, compared to analyst estimates of $11.85 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. During the same period in the prior year, the business posted $0.09 earnings per share. Equities research analysts predict that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors have recently made changes to their positions in the stock. Silverberg Bernstein Capital Management LLC boosted its position in shares of TransAct Technologies by 2.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares during the period. Bard Associates Inc. lifted its stake in TransAct Technologies by 2.3% during the third 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 in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of 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 worth $177,000 after buying an additional 14,599 shares during the period. Finally, Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies in the fourth quarter valued at $44,000. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.