StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

Analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Up 0.6 %

TACT opened at $3.57 on Friday. The stock has a market cap of $35.99 million, a PE ratio of -17.85 and a beta of 1.34. The business has a 50 day moving average of $3.93 and a 200-day moving average of $4.15. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $5.47.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, March 13th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.37 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. Equities analysts anticipate that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

Several hedge funds have recently added to or reduced their stakes in TACT. Quinn Opportunity Partners LLC bought a new position in shares of TransAct Technologies in the fourth quarter worth approximately $156,000. Northern Trust Corp lifted its position in TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in TransAct Technologies by 2.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 11,642 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies in the 4th quarter worth $44,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares during the last quarter. 74.46% of the stock is owned by institutional investors.

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.