The President of Transact Technologies Inc is Exercising Options

By Carrie Williams

Today it was reported that the President of Transact Technologies Inc (NASDAQ: TACT), Steven Demartino, exercised options to sell 5,000 TACT shares at $7.45 a share, for a total transaction value of $72.83K.

In addition to Steven Demartino, 2 other TACT executives reported Sell trades in the last month. Following Steven Demartino’s last TACT Sell transaction on November 08, 2017, the stock climbed by 1.0%.

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Based on Transact Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $14.75 million and quarterly net profit of $1.21 million. In comparison, last year the company earned revenue of $13.6 million and had a net profit of $867K. TACT’s market cap is $106.2M and the company has a P/E ratio of 33.37. Currently, Transact Technologies Inc has an average volume of 11.04K.

The insider sentiment on Transact Technologies Inc has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Steven Demartino’s trades have generated a 26.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.