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

TransAct Technologies Incorporated (NASDAQ:TACT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.78 and traded as high as $4.72. TransAct Technologies shares last traded at $4.66, with a volume of 35,364 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Roth Capital reissued a “buy” rating on shares of TransAct Technologies in a research note on Wednesday, May 14th. Wall Street Zen initiated coverage on TransAct Technologies in a research report on Thursday, May 15th. They issued a “hold” rating on the stock. Finally, Roth Mkm cut 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $5.00.

TransAct Technologies Price Performance

The firm has a market cap of $47.02 million, a price-to-earnings ratio of -5.42 and a beta of 1.06. The business has a 50-day moving average of $4.02 and a 200-day moving average of $3.78.

TransAct Technologies (NASDAQ:TACT) last issued 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 firm 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, equities analysts anticipate that TransAct Technologies Incorporated will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

Institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after acquiring an additional 13,386 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $1,434,000 after purchasing an additional 8,015 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of TransAct Technologies by 2.9% during 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. Finally, Quinn Opportunity Partners LLC raised its holdings in shares of TransAct Technologies by 68.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock valued at $235,000 after purchasing an additional 26,083 shares during the period. 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.