StockNews.com upgraded shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) from a buy rating to a strong-buy rating in a research report report published on Wednesday.
TCMD has been the topic of a number of other research reports. Oppenheimer lowered shares of Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 5th. BTIG Research lowered shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a report on Tuesday, November 5th. Finally, B. Riley assumed coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a "buy" rating and a $23.00 price objective on the stock.
Read Our Latest Report on Tactile Systems Technology
Tactile Systems Technology Price Performance
TCMD stock traded up $0.07 during trading on Wednesday, hitting $17.57. 160,617 shares of the stock traded hands, compared to its average volume of 196,499. 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 stock has a market cap of $421.63 million, a price-to-earnings ratio of 27.03 and a beta of 1.21. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10. The company has a 50 day simple moving average of $17.03 and a 200 day simple moving average of $14.52.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI bought a new stake in Tactile Systems Technology in the third quarter valued at about $29,000. Gladius Capital Management LP acquired a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at approximately $44,000. Quarry LP bought a new position in Tactile Systems Technology during the 2nd quarter worth approximately $46,000. Magnetar Financial LLC acquired a new position in Tactile Systems Technology during the second quarter valued at approximately $130,000. Finally, SG Americas Securities LLC bought a new stake in Tactile Systems Technology in the third quarter valued at approximately $156,000. Institutional investors own 83.43% of the company's stock.
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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