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

Equities research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Trading Down 5.0 %

NASDAQ TACT opened at $3.40 on Tuesday. The company has a market cap of $34.28 million, a P/E ratio of -17.00 and a beta of 1.34. TransAct Technologies has a 1 year low of $3.23 and a 1 year high of $5.47. The company has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $4.07.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data 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 company had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.37 million. Equities research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

A number of large investors have recently added to or reduced their stakes in TACT. Legato Capital Management LLC acquired a new stake in TransAct Technologies in the 4th quarter valued at about $44,000. Essex Investment Management Co. LLC lifted 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 acquiring an additional 7,402 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies during the 4th quarter worth $156,000. Gamco Investors INC. ET AL lifted 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 worth $593,000 after buying an additional 5,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares during the last quarter. 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.