TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note released on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Price Performance

NASDAQ:TACT opened at $4.07 on Monday. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.13. The company has a 50-day moving average of $4.33 and a 200 day moving average of $4.30. The firm has a market cap of $40.74 million, a PE ratio of -20.35 and a beta of 1.73.

Institutional Trading of TransAct Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the last quarter. Legato Capital Management LLC bought a new position in TransAct Technologies in the fourth quarter worth about $44,000. Northern Trust Corp lifted its position in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after buying an additional 8,015 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of TransAct Technologies by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Company Profile

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.