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

Investment analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

TransAct Technologies stock opened at $3.91 on Wednesday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The firm has a 50 day moving average price of $4.32 and a 200 day moving average price of $4.06. The company has a market capitalization of $39.14 million, a PE ratio of -19.55 and a beta of 1.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC increased its holdings in shares of TransAct Technologies by 66.8% in the 3rd 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. Silverberg Bernstein Capital Management LLC grew its stake in shares of TransAct Technologies by 2.8% in 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 purchasing an additional 11,700 shares during the last quarter. Connors Investor Services Inc. increased its stake in TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after buying an additional 9,999 shares during the period. Vanguard Group Inc. raised its holdings in TransAct Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 3,821 shares in the last quarter. Finally, Bard Associates Inc. boosted its stake in shares of 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 buying an additional 3,440 shares in 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.