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

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report report published on Tuesday. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of NASDAQ TACT opened at $4.39 on Tuesday. The company has a market capitalization of $43.94 million, a P/E ratio of -21.95 and a beta of 1.73. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $7.97. The company’s 50 day moving average price is $4.13 and its 200-day moving average price is $4.16.

Institutional Trading of TransAct Technologies

Large investors have recently modified their holdings of the stock. Connors Investor Services Inc. raised its stake in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares during the period. Gabelli Funds LLC raised its stake 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 worth $143,000 after purchasing an additional 3,000 shares during the period. Essex Investment Management Co. LLC boosted its stake in TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,599 shares during the last quarter. Bard Associates Inc. lifted its stake in TransAct Technologies by 2.3% in the third 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 last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its position in shares of TransAct Technologies by 2.8% during 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 buying an additional 11,700 shares during the last quarter. Institutional investors and hedge funds 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.