TransAct Technologies (NASDAQ:TACT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

TransAct Technologies Incorporated (NASDAQ:TACT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.10 and traded as high as $4.15. TransAct Technologies shares last traded at $4.06, with a volume of 15,476 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on TransAct Technologies in a report on Saturday. They set a “hold” rating on the stock.

TransAct Technologies Stock Performance

The business’s 50-day moving average price is $4.20 and its 200 day moving average price is $4.10.

Hedge Funds Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connors Investor Services Inc. lifted its stake in shares of TransAct Technologies by 56.5% in the second 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 in the last quarter. Essex Investment Management Co. LLC boosted its stake in 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 acquiring an additional 14,599 shares during the last quarter. Gabelli Funds LLC grew its holdings 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 acquiring an additional 3,000 shares in the last quarter. Bard Associates Inc. increased its position in shares of TransAct Technologies by 2.3% in 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 last quarter. Finally, Vanguard Group Inc. raised its stake 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 purchasing an additional 3,821 shares in the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.