On 8/9/24, TransAct Technologies Inc (NASDAQ: TACT) stock enjoyed a major increase of 15.2%, closing at $4.32. Moreover, trading volume in this advance was exceptionally high at 204% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 12.5% 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 F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TransAct Technologies has a neutral Appreciation Score of 53 but a very low Power Rating of 7, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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