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

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 Wednesday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Down 0.7 %

Shares of TACT stock opened at $4.48 on Wednesday. The stock has a 50-day moving average price of $4.15 and a 200 day moving average price of $4.18. The firm has a market cap of $44.84 million, a price-to-earnings ratio of -22.40 and a beta of 1.73. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97.

Institutional Trading of TransAct Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TACT. Connors Investor Services Inc. increased its position in TransAct Technologies by 56.5% in 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. Gabelli Funds LLC increased its position in TransAct Technologies by 8.6% in the second 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 period. Essex Investment Management Co. LLC grew its position in shares of TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after buying an additional 14,599 shares during the period. Bard Associates Inc. grew its position in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares during the period. Finally, 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 buying an additional 11,700 shares during the period. 74.46% of the stock is currently 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.