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

Equities research analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TACT stock opened at $4.39 on Tuesday. The business has a fifty day moving average of $4.13 and a 200 day moving average of $4.16. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm has a market capitalization of $43.94 million, a price-to-earnings ratio of -21.95 and a beta of 1.73.

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently bought and sold shares of the company. Connors Investor Services Inc. raised its position 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 last quarter. Essex Investment Management Co. LLC raised its holdings in shares of TransAct Technologies by 66.8% during the third 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. Gabelli Funds LLC lifted its position in TransAct Technologies by 8.6% during the second 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. Bard Associates Inc. lifted 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 valued at $756,000 after purchasing an additional 3,440 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted 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 purchasing an additional 11,700 shares during the last quarter. Hedge funds and other institutional investors 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.