TransAct Technologies (TACT) Earning Somewhat Favorable Press Coverage, Study Finds
Media headlines about TransAct Technologies (NASDAQ:TACT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransAct Technologies earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 41.6211116726306 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
TransAct Technologies (TACT) remained flat at $9.75 on Friday. 7,280 shares of the company were exchanged. The stock has a market capitalization of $71.79 million, a price-to-earnings ratio of 18.33 and a beta of 0.74. The firm’s 50-day moving average price is $9.64 and its 200-day moving average price is $8.75. TransAct Technologies has a one year low of $5.90 and a one year high of $10.50.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. The firm had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. On average, analysts forecast that TransAct Technologies will post $0.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.36 annualized dividend and a yield of 3.69%. TransAct Technologies’s payout ratio is 65.45%.
Several equities analysts recently weighed in on TACT shares. ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. B. Riley reissued a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, August 26th.
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In other TransAct Technologies news, CFO Steven A. Demartino sold 2,583 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $9.75, for a total transaction of $25,184.25. Following the completion of the transaction, the chief financial officer now owns 47,419 shares in the company, valued at $462,335.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven A. Demartino sold 3,293 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $9.70, for a total transaction of $31,942.10. Following the transaction, the chief financial officer now owns 47,419 shares of the company’s stock, valued at approximately $459,964.30. The disclosure for this sale can be found here. Insiders have sold 37,360 shares of company stock valued at $352,752 over the last ninety days. 11.57% of the stock is currently owned by corporate insiders.
TransAct Technologies Company Profile
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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