TransAct Technologies (NASDAQ:TACT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note published on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Up 3.3 %

Shares of NASDAQ TACT opened at $3.72 on Wednesday. The stock has a market cap of $37.24 million, a PE ratio of -18.60 and a beta of 1.80. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.86. The business has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.25.

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

Hedge Funds Weigh In On TransAct Technologies

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