Analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Free Report) 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 – Get Free Report) 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
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.
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