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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of NASDAQ TACT opened at $4.52 on Thursday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The business has a 50 day moving average price of $4.19 and a two-hundred day moving average price of $4.21.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $10.87 million during the quarter, compared to the consensus estimate of $11.85 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. During the same quarter last year, the company earned $0.09 earnings per share. As a group, sell-side analysts expect that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

Several large investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its stake in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in shares of TransAct Technologies by 2.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 11,700 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Finally, Bard Associates Inc. lifted its stake in TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 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.