TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 29,700 shares, an increase of 25.8% from the August 15th total of 23,600 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 1.1 days.
Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in TransAct Technologies by 137.6% in the first quarter. Wells Fargo & Company MN now owns 9,199 shares of the technology company’s stock valued at $29,000 after purchasing an additional 5,327 shares during the period. 1492 Capital Management LLC purchased a new position in TransAct Technologies in the first quarter valued at about $41,000. Jacobs Levy Equity Management Inc. purchased a new position in TransAct Technologies in the second quarter valued at about $127,000. Granahan Investment Management Inc. MA increased its position in shares of TransAct Technologies by 95.9% during the first quarter. Granahan Investment Management Inc. MA now owns 81,094 shares of the technology company’s stock worth $252,000 after acquiring an additional 39,695 shares during the last quarter. Finally, Acuitas Investments LLC bought a new stake in TransAct Technologies in the second quarter valued at about $479,000. 42.83% of the stock is currently owned by institutional investors.
NASDAQ TACT traded up $0.17 during mid-day trading on Wednesday, hitting $5.41. The stock had a trading volume of 268 shares, compared to its average volume of 23,268. TransAct Technologies has a 52-week low of $2.87 and a 52-week high of $12.76. The company has a market cap of $39.55 million, a price-to-earnings ratio of -11.91 and a beta of 2.17. The company has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $4.81. The company has a quick ratio of 1.41, a current ratio of 3.64 and a debt-to-equity ratio of 0.23.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.09. TransAct Technologies had a negative return on equity of 12.71% and a negative net margin of 8.50%. The company had revenue of $5.29 million for the quarter.
TACT has been the topic of a number of research analyst reports. Zacks Investment Research lowered TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. ValuEngine lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 1st.
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 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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