Barrington Believes Transact Technologies (NASDAQ: TACT) Still Has Room to Grow

In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Transact Technologies (TACTResearch Report), with a price target of $16.00. The company’s shares closed last Tuesday at $12.53, close to its 52-week high of $13.71.

According to TipRanks.com, Howe is a top 100 analyst with an average return of 43.7% and a 74.6% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.

Transact Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $16.00.

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Based on Transact Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.76 million and GAAP net loss of $1.92 million. In comparison, last year the company earned revenue of $11.16 million and had a GAAP net loss of $800K.

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TransAct Technologies, Inc. operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets. The company was founded in June 1996 and is headquartered in Hamden, CT.