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

Analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT opened at $3.48 on Tuesday. The company’s 50 day moving average price is $3.69 and its 200 day moving average price is $4.06. TransAct Technologies has a 52 week low of $3.23 and a 52 week high of $5.47. The company has a market capitalization of $35.08 million, a PE ratio of -17.40 and a beta of 1.34.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The firm had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.37 million. On average, equities analysts forecast that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Several large investors have recently made changes to their positions in the company. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies during the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC raised its position 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 worth $179,000 after purchasing an additional 7,402 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies during the 4th quarter valued at $156,000. Gamco Investors INC. ET AL raised its position in shares of TransAct Technologies by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 8,015 shares during the last quarter. 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.