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

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of NASDAQ TACT opened at $4.41 on Friday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.38. The company has a market cap of $44.14 million, a price-to-earnings ratio of -22.05 and a beta of 1.73. The business’s 50 day moving average price is $4.31 and its 200-day moving average price is $4.29.

Institutional Trading of TransAct Technologies

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after buying an additional 8,015 shares during the period. Bard Associates Inc. increased its position in shares of 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 acquiring an additional 3,440 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after purchasing an additional 13,386 shares during the period. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after purchasing an additional 7,402 shares during the period. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.