Tactile Systems Technology (NASDAQ:TCMD) Upgraded to “Strong-Buy” at StockNews.com

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

A number of other brokerages have also weighed in on TCMD. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Finally, B. Riley began 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.

Tactile Systems Technology Stock Performance

Shares of NASDAQ:TCMD opened at $17.57 on Wednesday. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $17.08 and a 200-day moving average price of $14.54. The company has a market cap of $421.63 million, a price-to-earnings ratio of 27.03 and a beta of 1.21. Tactile Systems Technology has a 12 month low of $11.12 and a 12 month high of $21.10.

Hedge Funds Weigh In On Tactile Systems Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $29,000. Gladius Capital Management LP bought a new stake in Tactile Systems Technology in the third quarter worth $44,000. Quarry LP purchased a new stake in shares of Tactile Systems Technology in the second quarter worth $46,000. Magnetar Financial LLC purchased a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $130,000. Finally, SG Americas Securities LLC bought a new position in Tactile Systems Technology in the 3rd quarter worth about $156,000. 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.