TransAct Technologies (NASDAQ:TACT) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

TransAct Technologies Incorporated (NASDAQ:TACT)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.90 and traded as high as $5.24. TransAct Technologies shares last traded at $5.06, with a volume of 15,662 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on TACT shares. Zacks Research upgraded TransAct Technologies to a “hold” rating in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of TransAct Technologies in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

TransAct Technologies Stock Performance

The company has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $3.90. The company has a market capitalization of $52.02 million, a PE ratio of -101.20 and a beta of 1.21.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The firm had revenue of $14.41 million for the quarter, compared to analyst estimates of $12.60 million. TransAct Technologies had a negative return on equity of 1.56% and a negative net margin of 0.93%. As a group, equities research analysts anticipate that TransAct Technologies Incorporated will post -0.05 EPS for the current year.

TransAct Technologies declared that its board has approved a stock buyback plan on Wednesday, May 13th that permits the company to repurchase $3.00 million in shares. This repurchase authorization permits the technology company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On TransAct Technologies

A number of large investors have recently modified their holdings of TACT. Coldstream Capital Management Inc. acquired a new stake in shares of TransAct Technologies in the third quarter valued at about $58,000. Goldman Sachs Group Inc. lifted its stake in shares of TransAct Technologies by 33.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after buying an additional 5,100 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in TransAct Technologies during the third quarter worth about $151,000. Susquehanna International Group LLP acquired a new position in TransAct Technologies during the third quarter worth about $225,000. Finally, NewEdge Advisors LLC purchased a new stake in TransAct Technologies during the 3rd quarter valued at about $290,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.