TransAct Shares Flat, But $3 Million Trade Gets Noticed
TransAct Technologies shares held steady late Wednesday, quoted at $4.29, up 0.5%. Investors focused on the company’s recent move back to profit and the buyback plan announced earlier. No new headlines from the company. The Nasdaq stock moved between $4.15 and $4.47. Market cap sits near $43.9 million. Food-service and gaming tech maker is still feeling the effects of its mid-May update, with the shares moving on that news. The $3 million buyback announced this month is about 7% of its market cap at the current price, which is a hefty percentage for a company of this size.