TransAct Technologies (NASDAQ:TACT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

TransAct Technologies Incorporated (NASDAQ:TACT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.24 and traded as high as $4.48. TransAct Technologies shares last traded at $4.48, with a volume of 8,146 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a research report on Friday. They issued a “hold” rating for the company.

TransAct Technologies Trading Down 0.2 %

The stock has a market capitalization of $44.84 million, a P/E ratio of -22.40 and a beta of 1.73. The firm’s fifty day moving average is $4.24 and its 200-day moving average is $4.24.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TACT. Silverberg Bernstein Capital Management LLC raised its holdings in TransAct Technologies by 2.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after buying an additional 11,700 shares during the last quarter. Essex Investment Management Co. LLC grew its position in TransAct Technologies by 66.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares during the period. Bard Associates Inc. grew its position in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 shares during the period. Finally, Legato Capital Management LLC purchased a new position in TransAct Technologies during the 4th quarter worth $44,000. Institutional investors 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.