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

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

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT traded down $0.10 during trading on Tuesday, reaching $4.04. 49,856 shares of the stock were exchanged, compared to its average volume of 23,054. The firm’s 50-day moving average price is $4.36 and its 200 day moving average price is $4.10. The firm has a market cap of $40.40 million, a price-to-earnings ratio of -20.20 and a beta of 1.74. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently bought and sold shares of TACT. Gabelli Funds LLC grew its holdings in shares of TransAct Technologies by 8.6% in the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares during the period. Silverberg Bernstein Capital Management LLC boosted 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 purchasing an additional 3,000 shares during the period. Bard Associates Inc. lifted its holdings in shares of TransAct Technologies by 2.3% during the third 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 in the last quarter. Vanguard Group Inc. raised its stake in 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 purchasing an additional 3,821 shares in the last quarter. Finally, Connors Investor Services Inc. grew 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 last quarter. 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.