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

TransAct Technologies Incorporated (NASDAQ:TACT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.30 and traded as high as $5.26. TransAct Technologies shares last traded at $5.14, with a volume of 11,947 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on TACT. Zacks Research raised TransAct Technologies to a “hold” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of TransAct Technologies to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded shares of TransAct Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

TransAct Technologies Trading Down 0.4%

The company has a 50 day moving average of $5.19 and a 200 day moving average of $4.30. The firm has a market cap of $53.04 million, a price-to-earnings ratio of -128.50 and a beta of 1.22.

TransAct Technologies announced that its board has approved a share buyback program on Wednesday, May 13th that allows the company to buyback $3.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors have recently modified their holdings of TACT. Arrowstreet Capital Limited Partnership bought a new stake in TransAct Technologies during the 3rd quarter worth approximately $151,000. Susquehanna International Group LLP bought a new position in TransAct Technologies in the third quarter valued at approximately $225,000. NewEdge Advisors LLC acquired a new position in shares of TransAct Technologies in the third quarter valued at approximately $290,000. Coldstream Capital Management Inc. acquired a new position in shares of TransAct Technologies in the third quarter valued at approximately $58,000. Finally, Geode Capital Management LLC increased its position in shares of TransAct Technologies by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company’s stock worth $462,000 after acquiring an additional 4,742 shares in the last quarter. 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.