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

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

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $4.06 on Friday. 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 $40.64 million, a price-to-earnings ratio of -20.30 and a beta of 1.73. The company has a 50-day moving average of $4.20 and a 200 day moving average of $4.10.

Institutional Trading of TransAct Technologies

A number of hedge funds have recently made changes to their positions in TACT. Connors Investor Services Inc. raised its stake in 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 buying an additional 9,999 shares during 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. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 66.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after purchasing an additional 14,599 shares during the last quarter. Bard Associates Inc. boosted its stake in TransAct Technologies by 2.3% in 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 in the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its position in 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 valued at $2,061,000 after purchasing an additional 11,700 shares during the last quarter. 74.46% of the stock is owned by institutional investors.

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.