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

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

TransAct Technologies Trading Down 2.4 %

TACT opened at $4.38 on Wednesday. The firm’s fifty day simple moving average is $4.14 and its 200 day simple moving average is $4.18. The stock has a market capitalization of $43.84 million, a P/E ratio of -21.90 and a beta of 1.73. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97.

Institutional Trading of TransAct Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TACT. Connors Investor Services Inc. boosted its holdings 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 buying an additional 9,999 shares during the last quarter. Gabelli Funds LLC raised its holdings 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. Essex Investment Management Co. LLC lifted its stake in 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 valued at $177,000 after purchasing an additional 14,599 shares during the last quarter. Bard Associates Inc. increased its position in TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its stake in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after buying an additional 11,700 shares during the period. Institutional investors 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.