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

Equities research analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

NASDAQ TACT opened at $3.97 on Friday. The business’s 50-day moving average price is $4.16 and its 200 day moving average price is $4.11. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The company has a market capitalization of $39.74 million, a PE ratio of -19.85 and a beta of 1.73.

Hedge Funds Weigh In On TransAct Technologies

A number of hedge funds have recently made changes to their positions in TACT. Connors Investor Services Inc. raised its position 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 buying an additional 9,999 shares during the period. Gabelli Funds LLC increased its stake in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,000 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings 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 period. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 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 purchasing an additional 11,700 shares during the period. Institutional investors and hedge funds own 74.46% of the company’s stock.

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.