StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

Equities research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Monday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

Shares of TACT opened at $4.10 on Monday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.25. The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.31. The company has a market capitalization of $41.04 million, a price-to-earnings ratio of -20.50 and a beta of 1.73.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bard Associates Inc. lifted its holdings in shares of TransAct Technologies by 2.3% during the third 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. Legato Capital Management LLC purchased a new position in TransAct Technologies during the 4th quarter worth $44,000. Essex Investment Management Co. LLC lifted its stake in shares of TransAct Technologies by 20.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $156,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of TransAct Technologies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

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.