Tactile Systems Technology (NASDAQ:TCMD) Upgraded at StockNews.com

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Tuesday.

A number of other equities research analysts have also weighed in on the stock. B. Riley initiated coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a "buy" rating and a $23.00 price target on the stock. BTIG Research downgraded Tactile Systems Technology from a "buy" rating to a "neutral" rating in a report on Tuesday, November 5th. Finally, Oppenheimer downgraded Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Stock Up 0.9 %

TCMD traded up $0.17 during trading on Tuesday, hitting $18.76. 107,408 shares of the company's stock traded hands, compared to its average volume of 258,937. The stock has a market capitalization of $450.24 million, a price-to-earnings ratio of 28.60 and a beta of 1.20. The company's 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $13.54. Tactile Systems Technology has a 12-month low of $11.12 and a 12-month high of $21.10. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12.

Institutional Trading of Tactile Systems Technology

Several institutional investors have recently made changes to their positions in TCMD. Vanguard Group Inc. grew its holdings in Tactile Systems Technology by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company's stock valued at $22,480,000 after buying an additional 13,350 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Tactile Systems Technology by 90.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company's stock valued at $14,135,000 after acquiring an additional 561,073 shares during the last quarter. Wasatch Advisors LP grew 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 worth $10,624,000 after acquiring an additional 64,684 shares in the last quarter. Royce & Associates LP grew its position in Tactile Systems Technology by 2.5% in the third quarter. Royce & Associates LP now owns 612,979 shares of the company's stock worth $8,956,000 after acquiring an additional 14,780 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company's stock worth $8,164,000 after acquiring an additional 8,422 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

About Tactile Systems Technology

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.