TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $4.15 on Thursday. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm’s 50-day moving average is $4.32 and its two-hundred day moving average is $4.06. The stock has a market cap of $41.54 million, a price-to-earnings ratio of -20.75 and a beta of 1.74.

Institutional Trading of TransAct Technologies

Several hedge funds have recently modified their holdings of the company. Bard Associates Inc. lifted its position 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 valued at $756,000 after buying an additional 3,440 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of 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 valued at $177,000 after buying an additional 14,599 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of TransAct Technologies by 2.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after buying an additional 11,700 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after buying an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. lifted its position 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 valued at $104,000 after buying an additional 9,999 shares during 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.