Press coverage about TransAct Technologies (NASDAQ:TACT) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransAct Technologies earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.9521881935767 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
TACT has been the subject of several analyst reports. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Saturday, November 4th. Finally, B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research note on Friday, October 27th.
TransAct Technologies (NASDAQ:TACT) opened at $14.20 on Tuesday. TransAct Technologies has a one year low of $6.80 and a one year high of $15.80. The firm has a market cap of $104.60, a P/E ratio of 21.19 and a beta of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 20th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.54%. TransAct Technologies’s dividend payout ratio (DPR) is presently 53.73%.
In other TransAct Technologies news, Director Graham Y. Tanaka sold 2,095 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $13.39, for a total value of $28,052.05. Following the transaction, the director now directly owns 194,153 shares in the company, valued at $2,599,708.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Graham Y. Tanaka sold 10,616 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $13.42, for a total transaction of $142,466.72. Following the completion of the transaction, the director now owns 194,153 shares in the company, valued at $2,605,533.26. The disclosure for this sale can be found here. Insiders sold 22,711 shares of company stock worth $303,219 over the last quarter. 13.22% of the stock is owned by corporate insiders.
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About TransAct Technologies
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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