TransAct Technologies (NASDAQ:TACT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

TransAct Technologies Incorporated (NASDAQ:TACT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.10 and traded as high as $4.15. TransAct Technologies shares last traded at $4.06, with a volume of 15,476 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a report on Saturday. They issued a “hold” rating on the stock.

TransAct Technologies Trading Down 2.2 %

The company has a market cap of $40.64 million, a price-to-earnings ratio of -20.30 and a beta of 1.73. The business’s 50 day moving average price is $4.20 and its 200-day moving average price is $4.10.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC increased its position in 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 acquiring an additional 14,599 shares during the period. Silverberg Bernstein Capital Management LLC grew its position in shares of TransAct Technologies by 2.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Connors Investor Services Inc. increased its holdings in shares of TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares during the period. Vanguard Group Inc. raised its position in shares of TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after buying 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 during the period. Institutional investors and hedge funds 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.