TransAct Technologies (NASDAQ:TACT) Upgraded at Zacks Research

Zacks Research upgraded shares of TransAct Technologies (NASDAQ:TACT) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded TransAct Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.00.

TransAct Technologies Price Performance

TransAct Technologies stock opened at $4.09 on Thursday. The company has a market cap of $41.35 million, a price-to-earnings ratio of -5.11 and a beta of 1.25. The firm has a 50-day moving average of $4.22 and a 200-day moving average of $4.32. TransAct Technologies has a one year low of $3.12 and a one year high of $5.70.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Monday, November 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. TransAct Technologies had a negative return on equity of 2.42% and a negative net margin of 16.05%.The business had revenue of $13.18 million for the quarter, compared to analyst estimates of $13.10 million. As a group, sell-side analysts expect that TransAct Technologies will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On TransAct Technologies

Several large investors have recently modified their holdings of TACT. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of TransAct Technologies by 8.2% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 588,790 shares of the technology company’s stock worth $3,191,000 after buying an additional 44,531 shares during the period. Quinn Opportunity Partners LLC lifted its position in TransAct Technologies by 68.3% during the second quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock worth $235,000 after acquiring an additional 26,083 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of TransAct Technologies during the third quarter worth approximately $290,000. Susquehanna International Group LLP bought a new stake in shares of TransAct Technologies during the third quarter worth approximately $225,000. Finally, Teton Advisors LLC acquired a new position in shares of TransAct Technologies in the third quarter valued at approximately $176,000. 74.46% of the stock is owned by institutional investors.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.