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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Monday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Down 1.4 %

Shares of TransAct Technologies stock opened at $4.09 on Monday. The firm’s 50 day simple moving average is $4.11 and its two-hundred day simple moving average is $4.13. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The firm has a market capitalization of $40.94 million, a price-to-earnings ratio of -20.45 and a beta of 1.73.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TACT. Connors Investor Services Inc. raised its stake in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after buying an additional 9,999 shares during the last quarter. Gabelli Funds LLC lifted its stake in TransAct Technologies by 8.6% in the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Bard Associates Inc. lifted its holdings 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 purchasing an additional 3,440 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its position in TransAct Technologies by 2.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after acquiring an additional 11,700 shares during the last quarter. Institutional investors and hedge funds 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.