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StockNews.com Upgrades Tactile Systems Technology (NASDAQ:TCMD) to Strong-Buy

Tactile Systems Technology logo with Medical background

StockNews.com upgraded shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) from a buy rating to a strong-buy rating in a research note published on Friday.

Other analysts have also issued research reports about the stock. BTIG Research lowered shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. 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 target price on the stock. Finally, Oppenheimer lowered Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th.

View Our Latest Report on TCMD

Tactile Systems Technology Price Performance

TCMD stock traded up $0.05 during mid-day trading on Friday, reaching $17.00. The company's stock had a trading volume of 359,413 shares, compared to its average volume of 258,835. 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's 50 day moving average is $16.26 and its two-hundred day moving average is $14.00. Tactile Systems Technology has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. The stock has a market cap of $407.95 million, a PE ratio of 26.15 and a beta of 1.20.

Hedge Funds Weigh In On Tactile Systems Technology

A number of hedge funds have recently made changes to their positions in TCMD. Paradigm Capital Management Inc. NY boosted its position in shares of Tactile Systems Technology by 90.1% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company's stock worth $14,135,000 after buying an additional 561,073 shares during the period. Pinnacle Associates Ltd. grew its position in Tactile Systems Technology by 324.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company's stock valued at $3,785,000 after acquiring an additional 242,413 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Tactile Systems Technology during the third quarter worth about $1,803,000. Los Angeles Capital Management LLC acquired a new stake in shares of Tactile Systems Technology during the second quarter worth about $1,187,000. Finally, Federated Hermes Inc. boosted its stake in shares of Tactile Systems Technology by 26.5% in 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 during the period. Hedge funds and other 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

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