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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Performance

TACT stock opened at $4.16 on Thursday. The stock has a fifty day moving average of $4.30 and a 200-day moving average of $4.06. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The company has a market capitalization of $41.64 million, a price-to-earnings ratio of -20.80 and a beta of 1.74.

Hedge Funds Weigh In On TransAct Technologies

Several large investors have recently modified their holdings of TACT. Connors Investor Services Inc. grew its position in shares of TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares in the last quarter. Gabelli Funds LLC boosted its stake in 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 purchasing an additional 3,000 shares during the period. Essex Investment Management Co. LLC grew its holdings 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 valued at $177,000 after buying an additional 14,599 shares in the last quarter. Bard Associates Inc. increased 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 period. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings in shares of TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after buying an additional 3,000 shares in 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.