TransAct Technologies (NASDAQ:TACT) Coverage Initiated at StockNews.com

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

TransAct Technologies Trading Up 6.4 %

Shares of TACT opened at $4.16 on Wednesday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97. The firm’s 50 day moving average is $4.32 and its 200-day moving average is $4.06. The stock has a market capitalization of $41.64 million, a PE ratio of -21.05 and a beta of 1.74.

Hedge Funds Weigh In On TransAct Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC increased its position in shares of 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 purchasing an additional 3,000 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in TransAct Technologies by 0.7% during 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. Bard Associates Inc. increased its holdings in TransAct Technologies by 2.3% in the 3rd 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. Vanguard Group Inc. raised its position in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after buying an additional 3,821 shares in the last quarter. Finally, Connors Investor Services Inc. lifted its holdings in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the period. 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.