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

Equities researchers at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT stock opened at $3.58 on Wednesday. The firm’s 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $4.27. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.13. The firm has a market cap of $35.84 million, a price-to-earnings ratio of -17.90 and a beta of 1.80.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quinn Opportunity Partners LLC purchased a new position in TransAct Technologies in the fourth quarter worth about $156,000. Northern Trust Corp lifted its holdings in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares in the last quarter. Legato Capital Management LLC purchased a new stake in TransAct Technologies during the fourth quarter valued at $44,000. Dimensional Fund Advisors LP increased its position in TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 8,015 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 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.