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

Analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

TACT stock opened at $4.06 on Friday. The stock has a market capitalization of $40.64 million, a P/E ratio of -20.30 and a beta of 1.73. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.97. The business has a fifty day moving average price of $4.20 and a 200-day moving average price of $4.10.

Institutional Trading of TransAct Technologies

A number of institutional investors have recently made changes to their positions in the stock. Connors Investor Services Inc. boosted its stake in shares of TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares during the last quarter. Gabelli Funds LLC lifted its holdings in TransAct Technologies by 8.6% in the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares during the period. Essex Investment Management Co. LLC lifted its holdings in 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 valued at $177,000 after acquiring an additional 14,599 shares during the period. Bard Associates Inc. boosted its position 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 during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its stake 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 valued at $2,061,000 after purchasing an additional 11,700 shares during the period. Hedge funds and other 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.