TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Craig Hallum cut their price target on TransAct Technologies from $10.00 to $9.00 and set a buy rating for the company in a research note on Wednesday, March 13th.

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $5.35 on Tuesday. TransAct Technologies has a 1 year low of $4.50 and a 1 year high of $9.44. The firm has a market cap of $53.29 million, a PE ratio of 11.38 and a beta of 1.88. The stock has a fifty day moving average price of $5.63 and a 200-day moving average price of $6.49.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.01) earnings per share for the quarter. The firm had revenue of $13.27 million for the quarter, compared to the consensus estimate of $13.90 million. TransAct Technologies had a return on equity of 15.96% and a net margin of 6.54%. As a group, equities analysts anticipate that TransAct Technologies will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TACT. Silverberg Bernstein Capital Management LLC bought a new position in shares of TransAct Technologies during the 4th quarter worth $2,873,000. Heron Bay Capital Management bought a new position in TransAct Technologies in the 4th quarter worth about $116,000. O Shaughnessy Asset Management LLC bought a new position in TransAct Technologies in the 3rd quarter worth about $103,000. Cable Hill Partners LLC bought a new stake in shares of TransAct Technologies during the 3rd quarter valued at about $71,000. Finally, Victory Capital Management Inc. bought a new stake in shares of TransAct Technologies during the 4th quarter valued at about $73,000. Institutional investors own 74.46% of the company’s stock.

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.