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

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

TransAct Technologies Stock Performance

Shares of TACT stock opened at $4.51 on Wednesday. The stock’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.19. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm has a market cap of $45.15 million, a price-to-earnings ratio of -22.55 and a beta of 1.73.

Hedge Funds Weigh In On TransAct Technologies

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC raised its holdings in shares of TransAct Technologies by 8.6% in the second 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 during the last quarter. Bard Associates Inc. grew 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 period. Connors Investor Services Inc. grew its holdings in shares of TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the period. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after buying an additional 11,700 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew 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 purchasing an additional 14,599 shares during the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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.