TransAct Technologies Inc (NASDAQ: TACT) stock enjoyed a major increase of 14.1% on 6/3/24. The shares closed at $4.05. Moreover, exceptionally high trading volume at 440% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 15.7% during the last week.
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 contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TransAct Technologies has a slightly positive Appreciation Score of 63 but a poor Power Rating of 18, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive 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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