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

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

TransAct Technologies Price Performance

NASDAQ:TACT opened at $4.40 on Friday. The firm has a market capitalization of $44.04 million, a P/E ratio of -22.00 and a beta of 1.73. The business has a 50 day simple moving average of $4.28 and a 200 day simple moving average of $4.27. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC increased its stake in shares of TransAct Technologies by 66.8% during the third 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 period. Bard Associates Inc. lifted its holdings in shares of 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. Finally, Legato Capital Management LLC acquired a new position in shares of TransAct Technologies in the 4th quarter valued at about $44,000. Institutional investors and hedge funds 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.