Should You Buy TransAct Technologies Inc (TACT) Stock on Monday?

Overall market sentiment has been high on TransAct Technologies Inc (TACT) stock lately. TACT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

TransAct Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TACT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TACT Stock Today?

TransAct Technologies Inc (TACT) stock is lower by -0.43% while the S&P 500 is higher by 0.34% as of 10:34 AM on Monday, Nov 20. TACT has fallen -$0.03 from the previous closing price of $6.93 on volume of 11,404 shares. Over the past year the S&P 500 has risen 14.67% while TACT is higher by 10.05%. TACT earned $0.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.73. To screen for more stocks like TransAct Technologies Inc click here.

More About TransAct Technologies Inc

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, the point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States. Click Here to get the full Stock Report for TransAct Technologies Inc stock.