TransAct Technologies (NASDAQ:TACT) Shares Pass Above Two Hundred Day Moving Average of $4.95

Shares of TransAct Technologies Incorporated (NASDAQ:TACT – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.95 and traded as high as $6.98. TransAct Technologies shares last traded at $6.87, with a volume of 14,214 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a research note on Saturday, December 17th. They issued a “hold” rating on the stock.

TransAct Technologies Price Performance

The stock’s 50-day moving average is $6.30 and its 200 day moving average is $4.95. The company has a market cap of $68.08 million, a PE ratio of -10.25 and a beta of 1.82.

TransAct Technologies (NASDAQ:TACT – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.26. The firm had revenue of $17.86 million for the quarter, compared to analyst estimates of $14.90 million. TransAct Technologies had a negative net margin of 12.86% and a negative return on equity of 22.18%. On average, analysts expect that TransAct Technologies Incorporated will post -0.61 EPS for the current year.

Insider Transactions at TransAct Technologies

In other news, major shareholder B. Riley Financial, Inc. bought 24,788 shares of TransAct Technologies stock in a transaction on Friday, November 11th. The shares were bought at an average cost of $5.15 per share, with a total value of $127,658.20. Following the completion of the purchase, the insider now directly owns 1,112,633 shares of the company’s stock, valued at $5,730,059.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 64,327 shares of company stock valued at $276,700. Corporate insiders own 20.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Douglas Lane & Associates LLC purchased a new position in TransAct Technologies during the 2nd quarter worth $56,000. Bard Associates Inc. raised its holdings in TransAct Technologies by 6.6% in the second quarter. Bard Associates Inc. now owns 148,255 shares of the technology company’s stock valued at $599,000 after buying an additional 9,200 shares during the period. Summit Trail Advisors LLC raised its holdings in TransAct Technologies by 72.7% in the second quarter. Summit Trail Advisors LLC now owns 19,000 shares of the technology company’s stock valued at $77,000 after buying an additional 8,000 shares during the period. B. Riley Financial Inc. acquired a new stake in TransAct Technologies in the second quarter valued at approximately $3,910,000. Finally, Renaissance Technologies LLC grew its position in TransAct Technologies by 11.6% in the second quarter. Renaissance Technologies LLC now owns 382,636 shares of the technology company’s stock valued at $1,523,000 after acquiring an additional 39,773 shares in the last quarter. Institutional investors and hedge funds own 50.91% of the company’s stock.

TransAct Technologies Company Profile

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TransAct Technologies, Inc operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets.