TACT Plunges 37.6% YTD: How Should Investors Play the Stock?
TransAct Technologies rporated(TACT) ZACKS·2024-09-13 22:40
TransAct Technologies (TACT) shares have plunged 37.6% year to date (YTD) against the Zacks Computer and Technology Sector and S&P 500 index's growth of 18.9% and 17.1%, respectively, YTD. TACT stock has also underperformed the Zacks Computer-Peripheral Equipment industry's decline of 28.4% in the same time frame. Reason Behind TACT Stock's Underperformance TransAct Technologies is grappling with multiple challenges in its Casino and Gaming business. TACT's OEM customers have slowed their order rates as mos ...