StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

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

TransAct Technologies Stock Performance

TACT opened at $4.01 on Tuesday. The company has a market cap of $40.09 million, a P/E ratio of -20.05 and a beta of 1.74. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The business’s 50-day simple moving average is $4.36 and its 200-day simple moving average is $4.10.

Institutional Trading of TransAct Technologies

A number of large investors have recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC boosted its position in shares of TransAct Technologies by 2.8% in 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 period. Vanguard Group Inc. boosted its position in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares during the period. Bard Associates Inc. boosted its position 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 during the period. Gabelli Funds LLC boosted 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 valued at $143,000 after purchasing an additional 3,000 shares during the period. Finally, Essex Investment Management Co. LLC lifted its position in TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after acquiring an additional 14,599 shares during the period. 74.46% of the stock is owned by institutional investors and hedge funds.

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.