News coverage about TransAct Technologies (NASDAQ:TACT) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransAct Technologies earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.2169950454668 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Insider Selling: TransAct Technologies Incorporated (TACT) Chairman Sells 5,823 Shares of Stock (americanbankingnews.com)
- Steven A. Demartino Sells 5,000 Shares of TransAct Technologies Incorporated (TACT) Stock (americanbankingnews.com)
- TransAct Technologies Incorporated (TACT) Director Thomas R. Schwarz Sells 5,000 Shares (americanbankingnews.com)
- B. Riley Brokers Boost Earnings Estimates for TransAct Technologies Incorporated (TACT) (americanbankingnews.com)
A number of research analysts have issued reports on TACT shares. ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, August 7th. Finally, B. Riley reissued a “buy” rating on shares of TransAct Technologies in a research note on Friday, August 3rd.
Shares of TransAct Technologies traded up $0.05, hitting $14.40, on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 11,036 shares, compared to its average volume of 15,888. TransAct Technologies has a fifty-two week low of $8.75 and a fifty-two week high of $15.80. The firm has a market capitalization of $106.22 million, a PE ratio of 24.00 and a beta of 0.87.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The company had revenue of $14.75 million during the quarter, compared to analysts’ expectations of $12.64 million. TransAct Technologies had a net margin of 5.91% and a return on equity of 18.04%. research analysts anticipate that TransAct Technologies will post 0.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Monday, August 20th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is presently 60.00%.
In other TransAct Technologies news, Director Thomas R. Schwarz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $11.06, for a total transaction of $55,300.00. Following the completion of the transaction, the director now owns 44,034 shares of the company’s stock, valued at approximately $487,016.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Bart C. Shuldman sold 5,823 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $14.53, for a total value of $84,608.19. Following the transaction, the chairman now directly owns 22,028 shares of the company’s stock, valued at approximately $320,066.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,823 shares of company stock valued at $286,358. Company insiders own 12.53% of the company’s stock.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.
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