TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Rating) in a report published on Saturday. The firm issued a hold rating on the technology company’s stock.

TransAct Technologies Trading Down 2.9 %

NASDAQ:TACT traded down $0.20 during midday trading on Friday, hitting $6.75. 14,680 shares of the company were exchanged, compared to its average volume of 19,516. The company has a fifty day simple moving average of $7.12 and a 200 day simple moving average of $5.78. TransAct Technologies has a fifty-two week low of $3.60 and a fifty-two week high of $9.28. The company has a market capitalization of $66.89 million, a PE ratio of -11.84 and a beta of 1.84.

Institutional Investors Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Connors Investor Services Inc. raised its stake in TransAct Technologies by 3.1% during the 4th quarter. Connors Investor Services Inc. now owns 50,000 shares of the technology company’s stock worth $311,000 after acquiring an additional 1,513 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in TransAct Technologies by 19.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,574 shares of the technology company’s stock valued at $98,000 after purchasing an additional 2,500 shares during the period. Summit Trail Advisors LLC increased its stake in TransAct Technologies by 15.8% in the third quarter. Summit Trail Advisors LLC now owns 22,000 shares of the technology company’s stock valued at $80,000 after purchasing an additional 3,000 shares during the period. Jane Street Group LLC acquired a new position in TransAct Technologies in the fourth quarter valued at $64,000. Finally, B. Riley Financial Inc. increased its stake in TransAct Technologies by 2.0% in the third quarter. B. Riley Financial Inc. now owns 1,002,140 shares of the technology company’s stock valued at $3,658,000 after purchasing an additional 19,733 shares during the period. 50.91% of the stock is currently owned by institutional investors and hedge funds.

TransAct Technologies Company Profile

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TransAct Technologies, Inc operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets.