TransAct Technologies (NASDAQ:TACT) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Up 1.3 %

Shares of TransAct Technologies stock opened at $3.94 on Thursday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $5.61. The stock has a market cap of $39.44 million, a PE ratio of -19.70 and a beta of 1.80. The business has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.24.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $10.23 million during the quarter, compared to analyst estimates of $10.37 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. Analysts expect that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC purchased a new position in TransAct Technologies in the fourth quarter valued at about $156,000. Northern Trust Corp grew its stake in shares of TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares in the last quarter. Legato Capital Management LLC bought a new stake in TransAct Technologies during the fourth quarter worth approximately $44,000. Dimensional Fund Advisors LP boosted its position in TransAct Technologies by 2.3% during the fourth 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 period. Finally, Essex Investment Management Co. LLC boosted its position in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 shares during the period. Institutional investors and hedge funds 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.