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

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

TransAct Technologies Stock Up 2.1 %

Shares of NASDAQ TACT opened at $3.97 on Tuesday. The business’s 50 day moving average is $4.31 and its two-hundred day moving average is $4.29. The company has a market cap of $39.74 million, a P/E ratio of -19.85 and a beta of 1.73. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.13.

Institutional Trading of TransAct Technologies

Several institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in 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 worth $593,000 after purchasing an additional 5,000 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies during the fourth quarter worth $156,000. Finally, Essex Investment Management Co. LLC increased its holdings in 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 purchasing an additional 7,402 shares during the last quarter. Institutional investors and hedge funds 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.