TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

TACT stock opened at $4.06 on Friday. The company’s 50 day simple moving average is $4.20 and its 200-day simple moving average is $4.11. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97. The firm has a market capitalization of $40.64 million, a PE ratio of -20.30 and a beta of 1.73.

Hedge Funds Weigh In On TransAct Technologies

Hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. lifted its position 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 valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Essex Investment Management Co. LLC increased its position 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 worth $177,000 after purchasing an additional 14,599 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in TransAct Technologies by 2.8% in 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 last quarter. Gabelli Funds LLC lifted its holdings in TransAct Technologies by 8.6% in 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 in the last quarter. Finally, Connors Investor Services Inc. boosted 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 purchasing an additional 9,999 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

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.