Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 978,400 shares, a decrease of 22.3% from the October 31st total of 1,260,000 shares. Based on an average daily volume of 214,500 shares, the days-to-cover ratio is currently 4.6 days.
Tactile Systems Technology Stock Up 3.2 %
Tactile Systems Technology stock traded up $0.61 during trading hours on Friday, reaching $19.54. The stock had a trading volume of 403,706 shares, compared to its average volume of 258,919. Tactile Systems Technology has a 52 week low of $11.12 and a 52 week high of $21.10. The company has a market cap of $468.96 million, a price-to-earnings ratio of 30.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. The business's 50 day moving average price is $15.04 and its 200-day moving average price is $13.47.
Institutional Investors Weigh In On Tactile Systems Technology
A number of large investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System purchased a new stake in Tactile Systems Technology in the 1st quarter worth approximately $171,000. Vanguard Group Inc. raised its stake in Tactile Systems Technology by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company's stock valued at $22,480,000 after purchasing an additional 13,350 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Tactile Systems Technology by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company's stock valued at $283,000 after purchasing an additional 1,159 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at $815,000. Finally, Tidal Investments LLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at $189,000. Hedge funds and other institutional investors own 83.43% of the company's stock.
Wall Street Analyst Weigh In
TCMD has been the topic of a number of recent analyst reports. B. Riley started coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They set a "buy" rating and a $23.00 price target on the stock. Oppenheimer cut shares of Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th. BTIG Research cut shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a report on Monday.
Check Out Our Latest Analysis on Tactile Systems Technology
About Tactile Systems Technology
(
Get Free Report)
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.
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