TransAct Technologies Inc (NASDAQ: TACT) stock closed at $3.92 on 5/7/24 after a major decline of -23.9%. Moreover, trading volume in this decline was exceptionally high at 475% of normal. The stock has declined -20.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
TACT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
TransAct Technologies has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. TransAct Technologies has a neutral Appreciation Score of 44 but a poor Power Rating of 29, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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