Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Wednesday.
Several other analysts have also recently commented on TCMD. BTIG Research cut Tactile Systems Technology from a "buy" rating to a "neutral" rating in a report on Tuesday, November 5th. B. Riley started coverage on Tactile Systems Technology in a report on Thursday, September 26th. They issued a "buy" rating and a $23.00 price target for the company. Finally, Oppenheimer cut Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 5th.
Check Out Our Latest Stock Analysis on Tactile Systems Technology
Tactile Systems Technology Stock Performance
Tactile Systems Technology stock traded down $0.35 during mid-day trading on Wednesday, reaching $18.35. 269,796 shares of the company were exchanged, compared to its average volume of 259,016. Tactile Systems Technology has a twelve month low of $11.12 and a twelve month high of $21.10. The firm's 50-day simple moving average is $15.84 and its two-hundred day simple moving average is $13.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The firm has a market cap of $440.40 million, a PE ratio of 28.23 and a beta of 1.20.
Hedge Funds Weigh In On Tactile Systems Technology
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Tactile Systems Technology by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company's stock worth $283,000 after buying an additional 1,159 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the third quarter worth $29,000. ClariVest Asset Management LLC increased its position in Tactile Systems Technology by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company's stock worth $993,000 after buying an additional 2,326 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $44,000. Finally, Quarry LP acquired a new stake in shares of Tactile Systems Technology during the second quarter worth $46,000. 83.43% of the stock is owned by hedge funds and other institutional investors.
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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