TransAct Technologies (NASDAQ:TACT) Stock Passes Above 200-Day Moving Average – Should You Sell?

TransAct Technologies Incorporated (NASDAQ:TACT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.77 and traded as high as $4.50. TransAct Technologies shares last traded at $4.44, with a volume of 68,751 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TACT shares. Roth Mkm lowered their target price on TransAct Technologies from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. Roth Capital reaffirmed a “buy” rating on shares of TransAct Technologies in a research note on Wednesday, May 14th. Finally, Wall Street Zen started coverage on TransAct Technologies in a research note on Thursday, May 15th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $5.00.

TransAct Technologies Stock Performance

The firm has a market cap of $44.80 million, a P/E ratio of -5.16 and a beta of 1.27. The company has a 50 day moving average of $3.82 and a 200 day moving average of $3.77.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $12.55 million. TransAct Technologies had a negative return on equity of 4.02% and a negative net margin of 18.00%. As a group, analysts expect that TransAct Technologies Incorporated will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TACT. Northern Trust Corp lifted its holdings in TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after purchasing an additional 13,386 shares during the last quarter. Quinn Opportunity Partners LLC lifted its holdings in TransAct Technologies by 68.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock worth $235,000 after purchasing an additional 26,083 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings 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 worth $1,527,000 after purchasing an additional 11,642 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.