TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

NASDAQ TACT opened at $4.10 on Friday. The business’s 50-day moving average is $4.26 and its 200 day moving average is $4.07. The stock has a market capitalization of $41.04 million, a PE ratio of -20.50 and a beta of 1.73. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97.

Institutional Trading of TransAct Technologies

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its position in shares of TransAct Technologies by 8.6% in the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the period. Bard Associates Inc. increased its position 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 buying an additional 3,440 shares during the period. Vanguard Group Inc. lifted its holdings in TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after buying an additional 3,821 shares during the period. Connors Investor Services Inc. boosted its position in 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 acquiring an additional 9,999 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in shares of TransAct Technologies by 2.8% during the 3rd 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 period. 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.