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

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Wednesday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Up 0.7 %

Shares of TACT stock opened at $4.51 on Wednesday. The stock has a market cap of $45.15 million, a price-to-earnings ratio of -22.55 and a beta of 1.73. The firm’s 50 day moving average price is $4.15 and its two-hundred day moving average price is $4.19. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

Institutional Trading of TransAct Technologies

Several large investors have recently bought and sold shares of TACT. Connors Investor Services Inc. grew its stake 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 valued at $104,000 after acquiring an additional 9,999 shares in the last quarter. Gabelli Funds LLC raised its stake 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 purchasing an additional 3,000 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of 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 purchasing an additional 14,599 shares during the last quarter. Bard Associates Inc. grew its stake in TransAct Technologies by 2.3% in the third 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 in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its stake in 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 buying an additional 11,700 shares in 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.