StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

Equities researchers at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

NASDAQ TACT opened at $4.52 on Thursday. The stock has a 50 day moving average price of $4.18 and a 200-day moving average price of $4.21. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The company has a market capitalization of $45.25 million, a P/E ratio of -22.60 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. The company had revenue of $10.87 million during the quarter, compared to analyst estimates of $11.85 million. During the same quarter last year, the business posted $0.09 earnings per share. As a group, equities analysts predict that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC lifted its stake in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares during the last quarter. 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 acquiring an additional 3,440 shares during the last quarter. Gabelli Funds LLC increased its stake in TransAct Technologies by 8.6% in the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the period. Finally, Essex Investment Management Co. LLC boosted 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 buying an additional 14,599 shares during the period. 74.46% of the stock is owned by hedge funds and other 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.