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

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

TransAct Technologies Trading Down 2.0 %

Shares of NASDAQ:TACT opened at $3.91 on Wednesday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97. The firm’s 50-day moving average is $4.32 and its 200 day moving average is $4.06. The company has a market capitalization of $39.14 million, a price-to-earnings ratio of -19.55 and a beta of 1.74.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised 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 last quarter. Silverberg Bernstein Capital Management LLC boosted its holdings in TransAct Technologies by 0.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after buying an additional 3,000 shares in the last quarter. Connors Investor Services Inc. increased its stake 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 valued at $104,000 after purchasing an additional 9,999 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its position in shares of 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 purchasing an additional 14,599 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.