TransAct Technologies (NASDAQ:TACT) Now Covered by StockNews.com

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

TransAct Technologies Stock Performance

Shares of TACT opened at $3.63 on Wednesday. TransAct Technologies has a one year low of $3.32 and a one year high of $6.51. The stock has a market capitalization of $36.34 million, a price-to-earnings ratio of -18.15 and a beta of 1.80. The stock has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.26.

Institutional Trading of TransAct Technologies

Several large investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TransAct Technologies by 2.3% during the fourth 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 last quarter. Gamco Investors INC. ET AL boosted its stake in 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 worth $593,000 after buying an additional 5,000 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies during the fourth quarter worth $156,000. Finally, Essex Investment Management Co. LLC boosted its stake in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after buying an additional 7,402 shares during the last quarter. 74.46% of the stock is currently 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.