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

Research analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT opened at $4.01 on Friday. The company has a market capitalization of $40.14 million, a PE ratio of -20.05 and a beta of 1.73. The company’s 50 day moving average price is $4.15 and its 200 day moving average price is $4.12. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $7.97.

Hedge Funds Weigh In On TransAct Technologies

A number of hedge funds have recently modified their holdings of the stock. Bard Associates Inc. grew its stake 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 purchasing an additional 3,440 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of 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 during the last quarter. Silverberg Bernstein Capital Management LLC grew 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 buying an additional 11,700 shares in the last quarter. Gabelli Funds LLC increased its holdings 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 buying an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. raised 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 in 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.