TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 11,200 shares, a decline of 16.4% from the June 30th total of 13,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 20,000 shares, the short-interest ratio is currently 0.6 days.
Shares of NASDAQ TACT opened at $3.51 on Friday. TransAct Technologies has a 12-month low of $2.87 and a 12-month high of $12.95. The stock has a market cap of $26.47 million, a PE ratio of -20.65 and a beta of 1.99. The company has a current ratio of 3.24, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $4.51 and a 200 day moving average of $6.15.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.05). TransAct Technologies had a negative net margin of 2.75% and a negative return on equity of 4.61%. The business had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $11.18 million.
A number of analysts have recently commented on TACT shares. ValuEngine cut shares of TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 1st. Zacks Investment Research cut shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 24th.
About TransAct Technologies
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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