In a report published on Monday, the rating went from a "strong-buy" to a "buy".
On Monday, the price of a share rose by $0.21 to $8.91. The trading volume was 83,387 versus the average of 23,588. The fifty-day moving average of the company is $7.66, and its 200-day moving average $7.03. The market cap is $88.65m, the P/E ratio is 59.40, and beta is 1.85. TransAct Technologies's 1 year low is $3.60, and its 1 year high is $9.44.
The last time ) released its quarterly results was on May 9th. The technology company posted $0.31 per share in the first quarter, exceeding analysts' expectations of $0.01 by $.30. Revenue for the quarter was $22,27 million, which is higher than analysts' expectations of $15.90 million. TransAct Technologies' return on equity was 4.53%, and its net margin was 2.19%. Sell-side analysts expect TransAct Technologies to post an average of 0.43 earnings per shares for the current fiscal year.
TransAct Technologies: Hedge Funds weigh in
Recently, several institutional investors and hedge fund have bought and sold TACT shares. Renaissance Technologies LLC increased its holdings of TransAct Technologies shares by 11.6% during the second quarter. Renaissance Technologies LLC owns now 382,636 of the stock of the technology firm valued at $1.523,000, after buying an additional 39,773 during the last quarter. Jane Street Group LLC acquired a new stake in TransAct Technologies shares in the second quarter, valued at $58,000. Vanguard Group Inc. increased its position in TransAct Technologies shares by 5.5% during the third quarter. Vanguard Group Inc. owns 402,171 of the stock of the technology firm, worth $1.467,000. This is after purchasing an additional 20,800 during this period. Kestra Private Wealth Services LLC increased its holdings of TransAct Technologies in the fourth quarter by 19.1%. Kestra Private Wealth Services LLC owns 15,574 of the stock of the technology firm valued at $98,000, after purchasing an additional 2,500 during the fourth quarter. Cowen Prime Advisors LLC increased its holdings in TransAct Technologies during the fourth-quarter by 170.8%. Cowen Prime Advisors LLC owns 410.675 shares in the technology company valued at $2.595,000, after adding 259,042 additional shares. 53.69% of company stock is owned by institutional investors and hedge fund.
TransAct Technologies Company profile
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TransAct Technologies Incorporated is a company that designs, develops and markets terminals and printers for transactional and specialty printing in the United States as well as internationally. The company offers thermal printers for printing receipts, tickets and transaction records such as labels and coupons. It also provides data logging and plotting.
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