TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TransAct Technologies stock opened at $3.58 on Wednesday. TransAct Technologies has a fifty-two week low of $3.23 and a fifty-two week high of $5.11. The company has a market capitalization of $36.04 million, a P/E ratio of -17.87 and a beta of 1.17. The company has a fifty day moving average of $3.64 and a 200 day moving average of $4.02.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $10.23 million for 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%. Analysts forecast that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 20.3% during 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. Legato Capital Management LLC purchased a new stake in TransAct Technologies during the fourth quarter worth approximately $44,000. Gamco Investors INC. ET AL grew its holdings in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after purchasing an additional 5,000 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new stake in TransAct Technologies in the 4th quarter valued at $156,000. Finally, Silverberg Bernstein Capital Management LLC increased its position in TransAct Technologies by 2.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 11,642 shares during the period. Institutional investors and hedge funds 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.