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

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Tuesday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

NASDAQ:TACT opened at $4.02 on Tuesday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The company has a market cap of $40.24 million, a price-to-earnings ratio of -20.10 and a beta of 1.74. The stock has a fifty day moving average price of $4.35 and a 200-day moving average price of $4.09.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TACT. Connors Investor Services Inc. increased 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 valued at $104,000 after purchasing an additional 9,999 shares during the last quarter. Essex Investment Management Co. LLC grew its position 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 last quarter. Gabelli Funds LLC raised its stake in TransAct Technologies by 8.6% during 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 in the last quarter. Bard Associates Inc. lifted its holdings in shares of 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 acquiring an additional 3,440 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 valued at $2,139,000 after purchasing an additional 3,821 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors.

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.