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

Analysts at StockNews.com began coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Trading Up 2.1 %

TransAct Technologies stock opened at $4.48 on Friday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.57. The company has a market capitalization of $44.84 million, a price-to-earnings ratio of -22.40 and a beta of 1.73. The business’s fifty day simple moving average is $4.30 and its two-hundred day simple moving average is $4.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bard Associates Inc. increased its position in shares of TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies in the 4th quarter worth $44,000. Northern Trust Corp raised its stake 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 worth $217,000 after purchasing an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted 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 valued at $593,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 74.46% of the company’s stock.

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.