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

Research analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Up 0.3 %

Shares of TACT stock opened at $3.91 on Wednesday. The company has a market capitalization of $39.14 million, a price-to-earnings ratio of -19.55 and a beta of 1.74. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The firm has a fifty day moving average of $4.33 and a 200-day moving average of $4.06.

Institutional Trading of TransAct Technologies

Institutional investors have recently modified their holdings of the company. Connors Investor Services Inc. raised its position in TransAct Technologies by 56.5% in 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 grew its stake in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,000 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings 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 purchasing an additional 14,599 shares during the last quarter. Bard Associates Inc. lifted its position in shares of TransAct Technologies by 2.3% in the third 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 in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in TransAct Technologies by 0.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 3,000 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors.

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.