TransAct Technologies (NASDAQ:TACT) Issues Quarterly Earnings Results

TransAct Technologies (NASDAQ:TACT) announced its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03, Zacks reports. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. TransAct Technologies updated its FY 2025 guidance to EPS.

TransAct Technologies Stock Down 0.8 %

TransAct Technologies stock traded down $0.03 during mid-day trading on Thursday, reaching $3.60. 13,766 shares of the company’s stock traded hands, compared to its average volume of 14,332. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $5.86. The company has a market cap of $36.04 million, a price-to-earnings ratio of -18.00 and a beta of 1.80. The stock has a 50 day moving average of $4.28 and a two-hundred day moving average of $4.26.

Wall Street Analysts Forecast Growth

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

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.