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

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Sunday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT stock opened at $4.48 on Friday. The stock has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $4.28. The firm has a market capitalization of $44.84 million, a PE ratio of -22.40 and a beta of 1.73. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $7.57.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC purchased a new position in shares of TransAct Technologies in the fourth quarter worth $156,000. Northern Trust Corp increased its stake in TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after acquiring an additional 13,386 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of TransAct Technologies during the 4th quarter worth approximately $44,000. Dimensional Fund Advisors LP raised its holdings in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 8,015 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in shares of TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after acquiring an additional 7,402 shares during the last quarter. 74.46% of the stock is owned by hedge funds and other 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.