Tactile Systems Technology (NASDAQ:TCMD) Stock Rating Lowered by StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

TCMD has been the subject of several other research reports. 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. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Finally, BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th.

Tactile Systems Technology Stock Performance

NASDAQ:TCMD opened at $18.70 on Wednesday. The firm’s 50-day moving average is $15.67 and its 200-day moving average is $13.73. The company has a market cap of $448.80 million, a price-to-earnings ratio of 28.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. Tactile Systems Technology has a 52-week low of $11.12 and a 52-week high of $21.10.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TCMD. Arcadia Investment Management Corp MI acquired a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at $29,000. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology in the third quarter worth about $44,000. Quarry LP bought a new stake in Tactile Systems Technology during the 2nd quarter worth about $46,000. Magnetar Financial LLC acquired a new position in Tactile Systems Technology during the 2nd quarter valued at about $130,000. Finally, SG Americas Securities LLC bought a new position in shares of Tactile Systems Technology in the 3rd quarter valued at about $156,000. 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.