TransAct Technologies (NASDAQ:TACT) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

TransAct Technologies Incorporated (NASDAQ:TACT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.24 and traded as high as $4.48. TransAct Technologies shares last traded at $4.48, with a volume of 8,146 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on TransAct Technologies in a research report on Friday. They set a “hold” rating for the company.

TransAct Technologies Price Performance

The firm has a market capitalization of $44.84 million, a price-to-earnings ratio of -22.40 and a beta of 1.73. The stock has a 50-day moving average price of $4.25 and a 200 day moving average price of $4.25.

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

Hedge Funds Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legato Capital Management LLC acquired a new position in TransAct Technologies in the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC boosted its holdings in TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares in the last quarter. Bard Associates Inc. boosted its holdings in TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after purchasing an additional 11,700 shares in the last quarter. 74.46% of the stock is 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.