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

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

TransAct Technologies Trading Up 0.7 %

Shares of TACT opened at $4.14 on Monday. The stock has a 50 day simple moving average of $4.12 and a 200-day simple moving average of $4.12. The stock has a market cap of $41.44 million, a PE ratio of -20.70 and a beta of 1.73. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TACT. Silverberg Bernstein Capital Management LLC increased its position 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 worth $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in 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 buying an additional 14,599 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 worth $756,000 after buying an additional 3,440 shares in the last quarter. Connors Investor Services Inc. increased 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 buying an additional 9,999 shares in the last quarter. Finally, Gabelli Funds LLC raised 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 valued at $143,000 after acquiring an additional 3,000 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.