TransAct Technologies Incorporated (NASDAQ:TACT – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 13,000 shares, a drop of 27.4% from the September 30th total of 17,900 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is currently 0.5 days.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on TransAct Technologies in a research note on Thursday, October 10th. They issued a “hold” rating for the company.
Get Our Latest Research Report on TACT
Institutional Inflows and Outflows
TransAct Technologies Price Performance
Shares of NASDAQ TACT traded down $0.03 during midday trading on Tuesday, hitting $4.07. The company’s stock had a trading volume of 45,621 shares, compared to its average volume of 22,657. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The business’s fifty day simple moving average is $4.38 and its two-hundred day simple moving average is $4.14. The firm has a market capitalization of $40.68 million, a price-to-earnings ratio of 67.83 and a beta of 1.73.
TransAct Technologies (NASDAQ:TACT – Get Free Report) last released its earnings results on Thursday, August 8th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.14. The firm had revenue of $11.60 million during the quarter, compared to analysts’ expectations of $10.25 million. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. During the same period in the previous year, the firm posted $0.22 EPS. Analysts anticipate that TransAct Technologies will post -0.26 EPS for the current fiscal year.
TransAct Technologies Company Profile
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.
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