Tactile Systems Technology (NASDAQ:TCMD) Upgraded at StockNews.com

StockNews.com upgraded shares of Tactile Systems Technology (NASDAQ:TCMD) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

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

Tactile Systems Technology Stock Performance

Shares of TCMD opened at $17.00 on Friday. Tactile Systems Technology has a 1 year low of $11.12 and a 1 year high of $21.10. The stock has a market capitalization of $407.95 million, a PE ratio of 26.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The stock has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $14.05.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the 3rd quarter worth $29,000. Gladius Capital Management LP purchased a new position in shares of Tactile Systems Technology during the third quarter worth about $44,000. Quarry LP acquired a new position in Tactile Systems Technology in the 2nd quarter valued at about $46,000. Magnetar Financial LLC acquired a new position in Tactile Systems Technology in the 2nd quarter valued at about $130,000. Finally, SG Americas Securities LLC purchased a new stake in Tactile Systems Technology during the 3rd quarter valued at approximately $156,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

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.