Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.79 and traded as low as $17.09. Tactile Systems Technology shares last traded at $17.34, with a volume of 169,026 shares.
Analysts Set New Price Targets
Several brokerages recently weighed in on TCMD. Oppenheimer cut shares of Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 5th. BTIG Research downgraded shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. Finally, StockNews.com cut shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th.
View Our Latest Analysis on TCMD
Tactile Systems Technology Price Performance
The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $410.16 million, a price-to-earnings ratio of 26.29 and a beta of 1.20. The company has a fifty day moving average price of $17.69 and a two-hundred day moving average price of $15.36.
Institutional Trading of Tactile Systems Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Tactile Systems Technology by 28.1% in the third quarter. FMR LLC now owns 79,348 shares of the company's stock valued at $1,159,000 after acquiring an additional 17,393 shares in the last quarter. Wasatch Advisors LP lifted its position in Tactile Systems Technology by 9.8% in the third 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. Geode Capital Management LLC boosted its holdings in Tactile Systems Technology by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 558,667 shares of the company's stock valued at $8,164,000 after purchasing an additional 8,422 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Tactile Systems Technology during the 4th quarter worth approximately $1,328,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Tactile Systems Technology by 16.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 45,374 shares of the company's stock worth $663,000 after buying an additional 6,401 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.
Tactile Systems Technology Company Profile
(
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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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