TransAct Technologies Inc (NASDAQ: TACT) stock suffered a major decline of -14.4% on 3/13/24. The shares closed at $5.88. Moreover, this decline was accompanied by exceptionally high trading volume at 435% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.5% during the last week.
Current PriceTarget Research Rating
TACT is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
TransAct Technologies has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. TransAct Technologies has a slightly negative Power Rating of 39 and a very low Appreciation Score of 9, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative 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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