TransAct Technologies (NASDAQ:TACT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TransAct Technologies (NASDAQ:TACT) to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.00.

TransAct Technologies Price Performance

Shares of TACT stock opened at $4.35 on Friday. The stock’s 50-day moving average is $4.79 and its 200 day moving average is $4.20. TransAct Technologies has a 1-year low of $3.12 and a 1-year high of $5.70. The company has a market cap of $43.99 million, a P/E ratio of -5.06 and a beta of 1.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. acquired a new stake in TransAct Technologies during the 3rd quarter worth about $58,000. Quinn Opportunity Partners LLC lifted its holdings in shares of TransAct Technologies by 68.3% during the second quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock worth $235,000 after purchasing an additional 26,083 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in TransAct Technologies in the third quarter valued at approximately $151,000. Teton Advisors LLC purchased a new position in TransAct Technologies during the 3rd quarter worth approximately $176,000. Finally, Susquehanna International Group LLP acquired a new stake in TransAct Technologies during the 3rd quarter valued at approximately $225,000. 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.