Tactile Systems Technology (NASDAQ:TCMD) Rating Increased to Strong-Buy at StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Several other research analysts have also recently weighed in on TCMD. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. Finally, B. Riley assumed coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price target on the stock.

Tactile Systems Technology Trading Up 0.7 %

TCMD stock opened at $19.02 on Tuesday. The business has a fifty day moving average price of $15.44 and a 200 day moving average price of $13.61. 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 fifty-two week low of $11.12 and a fifty-two week high of $21.10. The stock has a market capitalization of $456.48 million, a price-to-earnings ratio of 29.26 and a beta of 1.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new position in shares of Tactile Systems Technology during the 3rd quarter valued at about $29,000. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology during the 3rd quarter worth approximately $44,000. Quarry LP bought a new position in Tactile Systems Technology in the second quarter valued at approximately $46,000. Magnetar Financial LLC acquired a new position in shares of Tactile Systems Technology in the second quarter valued at approximately $130,000. Finally, SG Americas Securities LLC bought a new stake in shares of Tactile Systems Technology during the third quarter worth $156,000. 83.43% of the stock is owned by institutional investors and hedge funds.

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.