StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Thursday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $4.16 on Thursday. The company has a market capitalization of $41.64 million, a P/E ratio of -20.80 and a beta of 1.74. The business has a 50-day moving average of $4.30 and a two-hundred day moving average of $4.06. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97.

Institutional Investors Weigh In On TransAct Technologies

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 3,821 shares during the period. Silverberg Bernstein Capital Management LLC raised its position in TransAct Technologies by 2.8% in the 3rd 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 during the last quarter. Essex Investment Management Co. LLC boosted its position in TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after acquiring an additional 14,599 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 acquiring an additional 3,440 shares in the last quarter. Finally, Connors Investor Services Inc. raised its holdings in shares of TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 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.