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

Investment analysts at StockNews.com began 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 Up 0.3 %

NASDAQ:TACT opened at $3.91 on Wednesday. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The stock’s fifty day simple moving average is $4.33 and its 200-day simple moving average is $4.06. The firm has a market capitalization of $39.14 million, a P/E ratio of -19.55 and a beta of 1.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connors Investor Services Inc. increased its stake 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 valued at $104,000 after purchasing an additional 9,999 shares in the last quarter. Gabelli Funds LLC increased its position 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 in the last quarter. Essex Investment Management Co. LLC raised its stake in 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. raised its stake in 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 lifted its holdings 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 acquiring 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.