Extremely significant positive changes in TransAct Technologies Inc (NASDAQ: TACT) investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
TransAct Technologies Inc (NASDAQ: TACT) has benefited from small positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TACT is expected to continue to be Value Creation neutral.
TransAct Technologies has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TransAct Technologies has a very low Appreciation Score of 8 but a slightly positive Power Rating of 62, producing the Negative Value Trend Rating.
Recent Price Action
TransAct Technologies Inc (NASDAQ: TACT) stock rose modestly by 0.5% on 12/26/23. The stock closed at $7.05. Moreover, this advance was accompanied by above average trading volume at 143% of normal. The stock has risen 0.9% during the last week and has performed in line with the market over the last nine months.
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