TransAct Technologies (TACT) Receiving Somewhat Positive News Coverage, Study Shows
Headlines about TransAct Technologies (NASDAQ:TACT) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TransAct Technologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.033901825513 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- TransAct Technologies Incorporated (TACT) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Street Fight Daily: Facebook Faces a Slide in Young Users, Tech Giants Invest in TV Advertising (streetfightmag.com)
- Tipton Gun Cleaning Supplies Power Clean Electric Gun-Cleaning Brush Kit (thetacticalwire.com)
- Head-To-Head Analysis: TransAct Technologies (TACT) vs. Synnex Corporation (SNX) (americanbankingnews.com)
TransAct Technologies (NASDAQ:TACT) remained flat at $10.10 on Friday. 4,629 shares of the company traded hands. TransAct Technologies has a 1-year low of $5.90 and a 1-year high of $10.50. The stock has a market cap of $74.37 million, a P/E ratio of 18.98 and a beta of 0.74. The firm has a 50-day moving average of $9.28 and a 200 day moving average of $8.45.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $13.60 million during the quarter, compared to analyst estimates of $14.35 million. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. Equities research analysts forecast that TransAct Technologies will post $0.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio is currently 65.45%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday. B. Riley reissued a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research report on Monday, August 7th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.
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About TransAct Technologies
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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