Investment analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.
TransAct Technologies Price Performance
Shares of TransAct Technologies stock opened at $4.10 on Friday. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm has a market cap of $41.04 million, a price-to-earnings ratio of -20.50 and a beta of 1.73. The company has a 50-day moving average of $4.26 and a 200 day moving average of $4.07.
Institutional Trading of TransAct Technologies
Hedge funds have recently made changes to their positions in the stock. Connors Investor Services Inc. increased its position in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after buying an additional 9,999 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of 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 worth $177,000 after acquiring an additional 14,599 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of 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 acquiring an additional 3,000 shares during the last quarter. Bard Associates Inc. increased 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 valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 3,821 shares during the last quarter. 74.46% of the stock is owned by institutional investors.
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.
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