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

Stock analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Saturday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TACT opened at $3.49 on Friday. The stock has a market cap of $35.18 million, a price-to-earnings ratio of -17.45 and a beta of 1.34. TransAct Technologies has a one year low of $3.32 and a one year high of $5.47. The company has a 50-day moving average of $4.05 and a two-hundred day moving average of $4.20.

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

Hedge Funds Weigh In On TransAct Technologies

A number of large investors have recently made changes to their positions in TACT. Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies in the 4th quarter valued at approximately $156,000. Northern Trust Corp increased its stake in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after acquiring an additional 13,386 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of TransAct Technologies during the fourth quarter worth $44,000. Dimensional Fund Advisors LP raised its holdings in shares of TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 8,015 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after purchasing an additional 7,402 shares during the last quarter. Institutional investors and hedge funds 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.