TransAct Technologies (NASDAQ:TACT) Now Covered by StockNews.com

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

TransAct Technologies Trading Up 0.5 %

Shares of TACT stock opened at $4.03 on Tuesday. The stock has a 50 day simple moving average of $4.35 and a two-hundred day simple moving average of $4.10. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

Institutional Investors Weigh In On TransAct Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Connors Investor Services Inc. increased its holdings in shares of TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of TransAct Technologies by 66.8% during 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. Gabelli Funds LLC increased its holdings in shares of TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of TransAct Technologies by 2.3% during the third 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of TransAct Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after buying an additional 3,821 shares during the last quarter. Institutional investors own 74.46% of the company’s stock.

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.