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 research note issued to investors on Wednesday morning.

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

Tactile Systems Technology Stock Down 1.9 %

TCMD stock opened at $17.23 on Wednesday. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10. 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 firm’s fifty day moving average is $17.20 and its 200 day moving average is $14.60. The firm has a market cap of $413.47 million, a PE ratio of 26.51 and a beta of 1.21.

Institutional Trading of Tactile Systems Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology in the 3rd quarter valued at about $29,000. Gladius Capital Management LP acquired a new position in shares of Tactile Systems Technology during the third quarter valued at approximately $44,000. Quarry LP purchased a new position in shares of Tactile Systems Technology in the second quarter valued at approximately $46,000. Magnetar Financial LLC acquired a new stake in shares of Tactile Systems Technology in the second quarter worth approximately $130,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Tactile Systems Technology during the third quarter worth 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.