TransAct Technologies (NASDAQ:TACT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Friday. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Up 3.4 %

Shares of TransAct Technologies stock opened at $4.24 on Friday. The firm has a market cap of $42.44 million, a P/E ratio of -21.20 and a beta of 1.73. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The business has a 50-day moving average price of $4.25 and a 200 day moving average price of $4.08.

Hedge Funds Weigh In On TransAct Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connors Investor Services Inc. lifted its position 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 worth $104,000 after purchasing an additional 9,999 shares during the period. Gabelli Funds LLC raised its stake in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,000 shares during the period. 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 valued at $177,000 after purchasing 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 valued at $756,000 after purchasing an additional 3,440 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its stake in 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. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.