StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) in a research note published on Monday morning. The brokerage issued a hold rating on the technology company’s stock.
TransAct Technologies Stock Performance
Shares of TACT opened at $4.07 on Monday. The business’s 50-day moving average is $4.33 and its two-hundred day moving average is $4.30. The company has a market capitalization of $40.74 million, a P/E ratio of -20.35 and a beta of 1.73. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.13.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Quinn Opportunity Partners LLC acquired a new stake in shares of TransAct Technologies during the 4th quarter worth approximately $156,000. Northern Trust Corp boosted its holdings in TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares in the last quarter. Legato Capital Management LLC purchased a new stake in TransAct Technologies during the fourth quarter worth $44,000. Dimensional Fund Advisors LP grew its position in 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 buying an additional 8,015 shares during the period. 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 buying an additional 7,402 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.
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.
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