TransAct jumps post Q3 revenue beat

TransAct Technologies

11/11/2022 15:02

** Software firm TransAct Technologies Inc's  TACT.O  shares
jump 26% to a seven-month high of $5.2 after it tops Q3 revenue
estimates
    ** Q3 sales of $17.9 mln beat analysts' estimates of $13.82
mln - Refinitiv IBES data
    ** CEO Bart C. Shuldman credits co's performance to
"historic demand" in the casino and gaming market 
    ** The two brokerages covering TACT rate it "buy"; their
median PT is $8.75 
    ** Up to Thursday's close, stock had fallen 52% YTD compared
to a 33% decline in the Nasdaq computer index  .IXK 
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))