TransAct Technologies (NASDAQ:TACT) Now Covered by StockNews.com

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

TransAct Technologies Trading Down 0.7 %

TransAct Technologies stock opened at $4.01 on Tuesday. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The stock has a 50 day moving average of $4.36 and a two-hundred day moving average of $4.10. The stock has a market capitalization of $40.09 million, a price-to-earnings ratio of -20.05 and a beta of 1.74.

Hedge Funds Weigh In On TransAct Technologies

Large investors have recently modified their holdings of the business. Connors Investor Services Inc. raised its stake in shares of TransAct Technologies by 56.5% during 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 in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of 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 worth $177,000 after buying an additional 14,599 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after buying an additional 3,000 shares in the last quarter. Bard Associates Inc. raised its stake in shares of TransAct Technologies by 2.3% during the 3rd 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. Finally, Vanguard Group Inc. raised its stake in shares of TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after buying an additional 3,821 shares in the last quarter. 74.46% of the stock is owned by hedge funds and other 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.