StockNews.com downgraded shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.
A number of other brokerages also recently weighed in on TCMD. B. Riley initiated coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They issued a "buy" rating and a $23.00 price target for the company. BTIG Research lowered shares of 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 research report on Tuesday, November 5th.
Get Our Latest Research Report on Tactile Systems Technology
Tactile Systems Technology Stock Performance
Shares of TCMD traded down $0.06 during mid-day trading on Thursday, hitting $17.43. The company's stock had a trading volume of 218,964 shares, compared to its average volume of 199,474. The stock's 50-day moving average is $17.42 and its two-hundred day moving average is $14.77. The firm has a market capitalization of $418.27 million, a PE ratio of 26.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10.
Institutional Investors Weigh In On Tactile Systems Technology
Several institutional investors and hedge funds have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY lifted its holdings in shares of Tactile Systems Technology by 90.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company's stock worth $14,135,000 after acquiring an additional 561,073 shares during the period. Essex Investment Management Co. LLC bought a new position in Tactile Systems Technology during the third quarter worth about $1,803,000. Federated Hermes Inc. boosted its holdings in Tactile Systems Technology by 26.5% during the second quarter. Federated Hermes Inc. now owns 433,660 shares of the company's stock valued at $5,178,000 after purchasing an additional 90,960 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Tactile Systems Technology by 9.8% in the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company's stock valued at $10,624,000 after purchasing an additional 64,684 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Tactile Systems Technology in the 3rd quarter worth approximately $897,000. Institutional investors own 83.43% of the company's stock.
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.
Further Reading
Before you consider Tactile Systems Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tactile Systems Technology wasn't on the list.
While Tactile Systems Technology currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
