StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) in a research report report published on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.
TransAct Technologies Stock Performance
TACT opened at $4.15 on Thursday. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The company has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.06.
Hedge Funds Weigh In On TransAct Technologies
Several hedge funds have recently made changes to their positions in the company. Bard Associates Inc. lifted its position in shares of TransAct Technologies by 2.3% during the 3rd 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 during the period. Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 66.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its position in shares of TransAct Technologies by 2.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after acquiring an additional 11,700 shares in the last quarter. Gabelli Funds LLC grew its stake in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after buying an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. grew its stake in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares during the last quarter. Hedge funds and other 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.
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