Extremely significant positive changes in TransAct Technologies Inc (NASDAQ: TACT) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent minimal positive changes in fundamentals have benefitted TransAct Technologies Inc (NASDAQ: TACT): 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TransAct Technologies has a very low Appreciation Score of 8 but a neutral Power Rating of 57, producing the Negative Value Trend Rating.
Recent Price Action
On 1/5/24, TransAct Technologies Inc (NASDAQ: TACT) stock enjoyed a very large increase of 8.9%, closing at $7.50. Moreover, exceptionally high trading volume at 400% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 7.0% during the last week.
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