TransAct Technologies Incorporated (NASDAQ:TACT) Given Buy Rating at B. Riley
TransAct Technologies Incorporated (NASDAQ:TACT)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research report issued on Monday. They presently have a $11.00 price objective on the technology company’s stock. B. Riley’s target price suggests a potential upside of 13.40% from the company’s current price.
Separately, ValuEngine downgraded shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
TransAct Technologies (NASDAQ TACT) traded up 5.43% during midday trading on Monday, reaching $9.70. The company had a trading volume of 43,941 shares. The stock’s 50 day moving average is $8.69 and its 200 day moving average is $8.12. TransAct Technologies has a one year low of $5.89 and a one year high of $9.70. The company has a market capitalization of $71.27 million, a PE ratio of 18.58 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.84%. The business had revenue of $13.60 million during the quarter, compared to the consensus estimate of $14.35 million. Equities research analysts forecast that TransAct Technologies will post $0.51 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. EAM Investors LLC bought a new position in shares of TransAct Technologies during the fourth quarter valued at about $1,440,000. Punch & Associates Investment Management Inc. bought a new position in shares of TransAct Technologies during the second quarter valued at about $807,000. North Star Investment Management Corp. bought a new position in shares of TransAct Technologies during the second quarter valued at about $782,000. Renaissance Technologies LLC increased its position in shares of TransAct Technologies by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 387,001 shares of the technology company’s stock valued at $2,554,000 after buying an additional 36,501 shares during the period. Finally, TIAA CREF Trust Co. FSB MO bought a new position in shares of TransAct Technologies during the second quarter valued at about $200,000. Institutional investors own 37.95% of the company’s stock.
About TransAct Technologies
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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