TransAct Technologies (TACT) Receives Daily Media Sentiment Rating of 0.12
Media headlines about TransAct Technologies (NASDAQ:TACT) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TransAct Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.6628203056466 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
TransAct Technologies (NASDAQ TACT) opened at $12.65 on Tuesday. TransAct Technologies has a 52 week low of $6.10 and a 52 week high of $15.55. The firm has a market capitalization of $99.81, a P/E ratio of 20.22 and a beta of 0.92.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. The business had revenue of $15.52 million for the quarter, compared to the consensus estimate of $14.58 million. equities research analysts predict that TransAct Technologies will post 0.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, November 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 53.73%.
A number of research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research note on Monday, August 7th. Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd.
In related news, SVP Andrew John Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.01, for a total transaction of $390,300.00. Following the transaction, the senior vice president now directly owns 14,791 shares of the company’s stock, valued at approximately $192,430.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Graham Y. Tanaka sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $13.27, for a total value of $132,700.00. Following the transaction, the director now directly owns 207,517 shares in the company, valued at $2,753,750.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,312 shares of company stock worth $1,542,744. 13.22% of the stock is owned by company insiders.
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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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