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

StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Monday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 0.2 %

Shares of NASDAQ TACT opened at $4.15 on Monday. The firm has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $4.13. 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 $41.54 million, a PE ratio of -20.75 and a beta of 1.73.

Institutional Trading of TransAct Technologies

Several large investors have recently bought and sold shares of the company. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 2.3% in 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. Essex Investment Management Co. LLC lifted its position in 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 period. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of 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 buying an additional 11,700 shares in the last quarter. Gabelli Funds LLC grew its position in shares of TransAct Technologies by 8.6% in 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 during the period. Finally, 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 worth $104,000 after acquiring an additional 9,999 shares in the last quarter. 74.46% of the stock is 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.