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

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

TransAct Technologies Price Performance

NASDAQ TACT opened at $4.04 on Friday. The company has a fifty day moving average of $4.15 and a two-hundred day moving average of $4.12. The company has a market capitalization of $40.44 million, a PE ratio of -20.20 and a beta of 1.73. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TACT. Bard Associates Inc. boosted 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 during the period. Essex Investment Management Co. LLC raised its position in TransAct Technologies by 66.8% in the 3rd 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 last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in 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 worth $2,061,000 after purchasing an additional 11,700 shares during the period. Gabelli Funds LLC grew its position in TransAct Technologies by 8.6% during 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 last quarter. Finally, Connors Investor Services Inc. increased its stake in 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 during the period. 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.