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

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Several other research firms have also recently weighed in on TCMD. B. Riley began coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Stock Up 0.7 %

Tactile Systems Technology stock opened at $19.02 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. Tactile Systems Technology has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. The firm has a fifty day moving average price of $15.44 and a two-hundred day moving average price of $13.61. The firm has a market cap of $456.48 million, a price-to-earnings ratio of 29.26 and a beta of 1.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in Tactile Systems Technology by 20.9% during the third quarter. Tidal Investments LLC now owns 25,957 shares of the company’s stock worth $379,000 after purchasing an additional 4,483 shares during the period. Barclays PLC lifted its position in shares of Tactile Systems Technology by 56.7% during the 3rd quarter. Barclays PLC now owns 66,885 shares of the company’s stock worth $977,000 after buying an additional 24,188 shares during the period. Hohimer Wealth Management LLC acquired a new stake in Tactile Systems Technology in the 3rd quarter valued at $320,000. Geode Capital Management LLC grew its position in Tactile Systems Technology by 1.5% in the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock valued at $8,164,000 after acquiring an additional 8,422 shares during the period. Finally, XTX Topco Ltd acquired a new position in Tactile Systems Technology during the third quarter worth $163,000. 83.43% of the stock is owned by institutional investors.

Tactile Systems Technology Company Profile

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.