StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

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

TransAct Technologies Price Performance

TransAct Technologies stock opened at $3.97 on Friday. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $7.97. The firm’s fifty day moving average is $4.16 and its 200 day moving average is $4.11. The company has a market cap of $39.74 million, a price-to-earnings ratio of -19.85 and a beta of 1.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC raised 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 purchasing an additional 14,599 shares during the period. Silverberg Bernstein Capital Management LLC increased its position 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 purchasing an additional 11,700 shares during the last quarter. Connors Investor Services Inc. raised its holdings in TransAct Technologies by 56.5% during the 2nd 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 period. Bard Associates Inc. lifted its position in TransAct Technologies by 2.3% in the third 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 during the last quarter. Finally, Gabelli Funds LLC boosted its stake in TransAct Technologies by 8.6% during the second 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. 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.