Tactile Systems Technology (NASDAQ:TCMD) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Tactile Systems Technology (NASDAQ:TCMD) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

TCMD has been the topic of a number of other research reports. BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, B. Riley initiated coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective on the stock.

Tactile Systems Technology Stock Performance

NASDAQ TCMD opened at $18.93 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. Tactile Systems Technology has a 1-year low of $11.12 and a 1-year high of $21.10. The business has a 50 day simple moving average of $14.94 and a two-hundred day simple moving average of $13.43. The stock has a market capitalization of $454.32 million, a PE ratio of 29.12 and a beta of 1.17.

Institutional Investors Weigh In On Tactile Systems Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC boosted its position in Tactile Systems Technology by 20.9% in the 3rd quarter. Tidal Investments LLC now owns 25,957 shares of the company’s stock valued at $379,000 after buying an additional 4,483 shares during the period. Barclays PLC boosted its holdings in shares of Tactile Systems Technology by 56.7% in the third quarter. Barclays PLC now owns 66,885 shares of the company’s stock valued at $977,000 after purchasing an additional 24,188 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of Tactile Systems Technology in the third quarter valued at approximately $320,000. Geode Capital Management LLC grew its stake in Tactile Systems Technology by 1.5% in the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Tactile Systems Technology during the 3rd quarter worth $163,000. 83.43% of the stock is owned by institutional investors.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.