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

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

TransAct Technologies Stock Performance

TransAct Technologies stock opened at $4.16 on Thursday. The stock has a 50-day simple moving average of $4.30 and a 200 day simple moving average of $4.06. The stock has a market capitalization of $41.64 million, a P/E ratio of -20.80 and a beta of 1.74. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.97.

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently added to or reduced their stakes in the business. Connors Investor Services Inc. increased its holdings in shares of TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares during the last quarter. Gabelli Funds LLC lifted its holdings in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in 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 buying an additional 14,599 shares in the last quarter. Bard Associates Inc. boosted its position 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 acquiring an additional 3,440 shares during the period. Finally, Silverberg Bernstein Capital Management LLC increased its position in TransAct Technologies by 0.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 74.46% of the company’s stock.

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.