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

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

TransAct Technologies Trading Down 2.8 %

NASDAQ:TACT opened at $4.11 on Monday. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.25. The firm has a market capitalization of $41.14 million, a price-to-earnings ratio of -20.55 and a beta of 1.73. The firm’s fifty day simple moving average is $4.32 and its 200 day simple moving average is $4.31.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new position in shares of TransAct Technologies during the fourth quarter worth $44,000. Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies in the 4th quarter worth $156,000. Essex Investment Management Co. LLC boosted its position in 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 valued at $179,000 after buying an additional 7,402 shares during the last quarter. Northern Trust Corp grew its stake in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after acquiring an additional 5,000 shares during the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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.