TransAct Technologies (NASDAQ:TACT) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Tuesday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 2.1 %

NASDAQ TACT opened at $3.97 on Tuesday. The company has a market cap of $39.74 million, a P/E ratio of -19.85 and a beta of 1.73. The company has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $4.29. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.13.

Institutional Investors Weigh In On TransAct Technologies

A number of hedge funds have recently made changes to their positions in TACT. Bard Associates Inc. raised its stake in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after purchasing an additional 5,000 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after buying an additional 7,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in TransAct Technologies in the fourth quarter valued at approximately $44,000. 74.46% of the stock is currently owned by institutional investors.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.