TransAct Technologies (NASDAQ:TACT) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

TransAct Technologies Incorporated (NASDAQ:TACT) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $4.45 and traded as high as $5.14. TransAct Technologies shares last traded at $5.01, with a volume of 15,239 shares trading hands.

Analyst Ratings Changes

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

TransAct Technologies Stock Performance

The business’s 50-day moving average price is $5.16 and its 200 day moving average price is $4.46. The company has a market cap of $50.28 million, a P/E ratio of -121.75 and a beta of 1.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in shares of TransAct Technologies in the second quarter valued at approximately $258,000. NewEdge Advisors LLC raised its stake in TransAct Technologies by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 120,145 shares of the technology company’s stock worth $395,000 after purchasing an additional 31,363 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of TransAct Technologies by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock valued at $494,000 after buying an additional 5,000 shares in the last quarter. Bard Associates Inc. bought a new stake in shares of TransAct Technologies during the 2nd quarter valued at $597,000. Finally, BlackRock Inc. bought a new stake in TransAct Technologies during the second quarter worth about $1,413,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Incorporated (NASDAQ: TACT) develops and sells transaction-based printing and technology solutions for specialized markets. Its products are designed for applications where reliable receipt, ticket, label and document printing is required, including gaming, lottery, food service and point-of-sale operations.

The company’s product portfolio includes thermal printers and related consumables, as well as software and hardware solutions for casinos, gaming machine manufacturers, lottery operators and other businesses.