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

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Up 0.2 %

NASDAQ TACT opened at $4.16 on Thursday. The business has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $4.06. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97. The firm has a market capitalization of $41.64 million, a P/E ratio of -20.80 and a beta of 1.74.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds have recently modified their holdings of TACT. Gabelli Funds LLC grew its holdings 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 valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 0.7% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock valued at $1,555,000 after purchasing an additional 3,000 shares during the last quarter. Bard Associates Inc. raised its stake in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the period. Vanguard Group Inc. boosted its holdings 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 worth $2,139,000 after buying an additional 3,821 shares during the last quarter. Finally, Connors Investor Services Inc. grew 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 buying an additional 9,999 shares during the period. Institutional investors own 74.46% of the company’s stock.

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.