Stock analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Free Report) in a research note issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.
TransAct Technologies Trading Down 7.4 %
Shares of NASDAQ TACT opened at $4.50 on Wednesday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97. The company has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $4.25. The stock has a market cap of $45 million, a price-to-earnings ratio of 75.00 and a beta of 1.73.
TransAct Technologies (NASDAQ:TACT – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.14. The business had revenue of $11.60 million during the quarter, compared to analysts’ expectations of $10.25 million. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. During the same period in the previous year, the business posted $0.22 EPS. Analysts forecast that TransAct Technologies will post -0.26 EPS for the current year.
Hedge Funds Weigh In On TransAct Technologies
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.
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