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

Equities research analysts at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Stock Performance

NASDAQ:TACT opened at $3.89 on Tuesday. The company has a fifty day moving average of $4.32 and a two-hundred day moving average of $4.29. The stock has a market capitalization of $38.94 million, a PE ratio of -19.45 and a beta of 1.73. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.13.

Institutional Investors Weigh In On TransAct Technologies

Hedge funds have recently modified their holdings of the business. Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies in the fourth quarter valued at about $44,000. Quinn Opportunity Partners LLC acquired a new stake in shares of TransAct Technologies in the fourth quarter valued at about $156,000. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 20.3% in the fourth 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 raised its position in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of TransAct Technologies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after buying an additional 5,000 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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.