TransAct Technologies (NASDAQ:TACT) Earns Hold Rating from Analysts at StockNews.com

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

TransAct Technologies Price Performance

Shares of TACT stock opened at $4.03 on Tuesday. The business’s 50-day moving average price is $4.35 and its 200-day moving average price is $4.10. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97.

Institutional Trading of TransAct Technologies

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TransAct Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in shares of 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 worth $2,061,000 after acquiring an additional 11,700 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of 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 during the period. Connors Investor Services Inc. lifted its stake in shares of TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of TransAct Technologies by 8.6% in the second 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 period. 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.