In a report issued on June 4, Christopher Howe from Barrington reiterated a Buy rating on Transact Technologies (TACT), with a price target of $17.00. The company’s shares closed last Friday at $13.36, close to its 52-week high of $14.15.
According to TipRanks.com, Howe is a 5-star analyst with an average return of 40.5% and a 69.0% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Transact Technologies with a $17.00 average price target.
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The company has a one-year high of $14.15 and a one-year low of $3.26. Currently, Transact Technologies has an average volume of 19.91K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TACT in relation to earlier this year.
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TransAct Technologies, Inc. operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets. The company was founded in June 1996 and is headquartered in Hamden, CT.
