TransAct Technologies Incorporated (NASDAQ:TACT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.35 and traded as high as $11.88. TransAct Technologies shares last traded at $11.88, with a volume of 616 shares changing hands.
The stock has a market cap of $90.91 million, a price-to-earnings ratio of 21.35 and a beta of 1.14. The stock’s fifty day moving average is $11.95 and its 200-day moving average is $10.35. The company has a quick ratio of 1.64, a current ratio of 3.52 and a debt-to-equity ratio of 0.09.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $11.35 million during the quarter. TransAct Technologies had a net margin of 8.85% and a return on equity of 16.31%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, August 19th.
In other news, Director John Dillon acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average price of $12.00 per share, for a total transaction of $60,000.00. Following the completion of the acquisition, the director now owns 40,490 shares in the company, valued at $485,880. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.53% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cable Hill Partners LLC lifted its stake in TransAct Technologies by 76.7% in the first quarter. Cable Hill Partners LLC now owns 4,420 shares of the technology company’s stock valued at $40,000 after buying an additional 1,919 shares in the last quarter. HM Payson & Co. bought a new position in TransAct Technologies in the second quarter valued at approximately $70,000. LSV Asset Management lifted its stake in TransAct Technologies by 62.0% in the first quarter. LSV Asset Management now owns 10,970 shares of the technology company’s stock valued at $100,000 after buying an additional 4,200 shares in the last quarter. Connors Investor Services Inc. lifted its stake in TransAct Technologies by 20.6% in the first quarter. Connors Investor Services Inc. now owns 20,710 shares of the technology company’s stock valued at $189,000 after buying an additional 3,533 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in TransAct Technologies by 12.5% in the second quarter. M&T Bank Corp now owns 27,000 shares of the technology company’s stock valued at $304,000 after buying an additional 3,000 shares in the last quarter. 41.47% of the stock is currently owned by hedge funds and other institutional investors.
TransAct Technologies Company Profile (NASDAQ:TACT)
TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal and inkjet printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.
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