TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

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

TransAct Technologies Stock Up 0.7 %

TACT opened at $4.04 on Friday. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.97. The business has a fifty day simple moving average of $4.15 and a 200-day simple moving average of $4.12. The firm has a market cap of $40.44 million, a P/E ratio of -20.20 and a beta of 1.73.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors have recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC raised its holdings 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 acquiring an additional 11,700 shares in the last quarter. Essex Investment Management Co. LLC lifted 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. Bard Associates Inc. lifted its position in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the last quarter. Connors Investor Services Inc. grew its stake in shares of TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in TransAct Technologies by 8.6% in the second 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 during the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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.