StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

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

TransAct Technologies Stock Up 5.9 %

NASDAQ TACT opened at $4.33 on Tuesday. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The stock has a market cap of $43.34 million, a P/E ratio of -21.65 and a beta of 1.73. The company’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $4.15.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TACT. Essex Investment Management Co. LLC grew its position in TransAct Technologies by 66.8% in the third 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 period. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of TransAct Technologies by 2.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 11,700 shares during the period. Connors Investor Services Inc. boosted its stake in shares of 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 purchasing an additional 9,999 shares in the last quarter. Bard Associates Inc. grew its holdings in shares of TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of 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 in the last quarter. Institutional investors own 74.46% of the company’s stock.

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.