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

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

Separately, Craig Hallum decreased their price target on shares of TransAct Technologies from $9.00 to $7.50 and set a buy rating for the company in a report on Wednesday, May 8th.

TransAct Technologies Trading Up 15.2 %

NASDAQ TACT opened at $4.32 on Wednesday. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.99. The company has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $4.97. The company has a market cap of $43.16 million, a P/E ratio of 72.00 and a beta of 1.72.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in shares of TransAct Technologies in the fourth quarter worth $73,000. Bard Financial Services Inc. bought a new stake in TransAct Technologies in the 1st quarter valued at $79,000. Summit Trail Advisors LLC grew its position in TransAct Technologies by 15.0% in the 4th quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock worth $133,000 after purchasing an additional 2,483 shares during the last quarter. Connors Investor Services Inc. increased its holdings in shares of 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 purchasing an additional 9,999 shares during the period. Finally, Bard Associates Inc. raised its position in shares of TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after buying an additional 1,750 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.