Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.00 and last traded at $21.00, with a volume of 12267 shares trading hands. The stock had previously closed at $18.92.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TCMD shares. BTIG Research lowered Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. B. Riley started coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a "buy" rating and a $23.00 target price for the company. Oppenheimer downgraded Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Monday.
Read Our Latest Stock Analysis on Tactile Systems Technology
Tactile Systems Technology Stock Down 3.1 %
The stock has a 50-day moving average of $14.76 and a two-hundred day moving average of $13.36. The company has a market cap of $439.92 million, a P/E ratio of 31.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37.
Institutional Trading of Tactile Systems Technology
A number of hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology in the 3rd quarter worth approximately $29,000. Gladius Capital Management LP purchased a new position in Tactile Systems Technology in the 3rd quarter worth approximately $44,000. Quarry LP purchased a new position in Tactile Systems Technology in the 2nd quarter worth approximately $46,000. State Board of Administration of Florida Retirement System purchased a new position in Tactile Systems Technology in the 1st quarter worth approximately $171,000. Finally, SG Americas Securities LLC purchased a new position in Tactile Systems Technology in the 3rd quarter worth approximately $156,000. Institutional investors own 83.43% of the company's stock.
Tactile Systems Technology Company Profile
(
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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