TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

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

TransAct Technologies Trading Down 3.0 %

Shares of TransAct Technologies stock opened at $4.22 on Monday. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm has a market capitalization of $42.20 million, a PE ratio of 70.33 and a beta of 1.73. The firm’s 50 day moving average is $4.11 and its 200 day moving average is $4.40.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. The firm had revenue of $11.60 million for the quarter, compared to analyst estimates of $10.25 million. During the same period in the previous year, the firm posted $0.22 EPS. As a group, research analysts anticipate that TransAct Technologies will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently added to or reduced their stakes in TACT. Victory Capital Management Inc. acquired a new position in shares of TransAct Technologies in the 4th quarter worth approximately $73,000. Bard Associates Inc. lifted its position in shares of TransAct Technologies by 1.1% in the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 1,750 shares during the period. Bard Financial Services Inc. acquired a new position in shares of TransAct Technologies in the 1st quarter worth approximately $79,000. Vanguard Group Inc. lifted its position in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 3,821 shares during the period. Finally, Silverberg Bernstein Capital Management LLC lifted its position in shares of TransAct Technologies by 0.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 3,000 shares during the period. 74.46% of the stock is owned by institutional investors.

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.