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

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

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT opened at $4.02 on Tuesday. The firm has a market cap of $40.24 million, a PE ratio of -20.10 and a beta of 1.74. 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 $4.35 and its 200-day moving average is $4.09.

Hedge Funds Weigh In On TransAct Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares during the period. Silverberg Bernstein Capital Management LLC boosted its stake 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 valued at $2,061,000 after purchasing an additional 11,700 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of 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 worth $177,000 after buying an additional 14,599 shares during the period. Bard Associates Inc. lifted its holdings in 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 buying an additional 3,440 shares during the period. Finally, Connors Investor Services Inc. boosted its position in TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares during the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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.