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

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

TransAct Technologies Stock Performance

TACT opened at $4.39 on Tuesday. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The stock has a market cap of $43.94 million, a price-to-earnings ratio of -21.95 and a beta of 1.73. The stock’s 50 day moving average price is $4.13 and its 200-day moving average price is $4.16.

Institutional Trading of TransAct Technologies

A number of large investors have recently made changes to their positions in the stock. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of 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 worth $2,061,000 after buying an additional 11,700 shares during the period. Bard Associates Inc. raised its holdings 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. Gabelli Funds LLC lifted its stake in TransAct Technologies by 8.6% in the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after acquiring 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 worth $177,000 after acquiring an additional 14,599 shares in the last quarter. Finally, Connors Investor Services Inc. increased its position 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 purchasing an additional 9,999 shares during the period. 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.