TransAct Technologies (NASDAQ:TACT) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report report published on Tuesday. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Price Performance

TACT opened at $4.04 on Tuesday. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The firm has a market capitalization of $40.40 million, a P/E ratio of -20.20 and a beta of 1.74. The company has a fifty day moving average price of $4.36 and a 200-day moving average price of $4.10.

Institutional Trading of TransAct Technologies

A number of large investors have recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC raised 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 valued at $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 buying an additional 3,821 shares during the last quarter. Bard Associates Inc. raised its position in shares of 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 buying an additional 3,440 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of 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 during the last quarter. Finally, Essex Investment Management Co. LLC grew its position in TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after acquiring an additional 14,599 shares in the last quarter. Institutional investors 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.