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

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

TransAct Technologies Stock Performance

TransAct Technologies stock opened at $4.07 on Friday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The company has a market capitalization of $40.74 million, a price-to-earnings ratio of -20.35 and a beta of 1.73. The stock has a fifty day moving average of $4.19 and a two-hundred day moving average of $4.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC lifted its stake 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 acquiring an additional 3,000 shares in the last quarter. Bard Associates Inc. boosted its stake in TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares during the last quarter. Vanguard Group Inc. increased 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 worth $2,139,000 after purchasing an additional 3,821 shares during the last quarter. Connors Investor Services Inc. increased its position in shares of TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its stake in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Hedge funds and other institutional investors 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.