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

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

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

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $16.95 on Friday. The business has a 50-day simple moving average of $16.26 and a 200-day simple moving average of $14.00. The company has a market cap of $406.75 million, a PE ratio of 26.08 and a beta of 1.20. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37.

Institutional Investors Weigh In On Tactile Systems Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Tactile Systems Technology during the third quarter worth about $29,000. Gladius Capital Management LP purchased a new position in Tactile Systems Technology during the 3rd quarter worth approximately $44,000. Quarry LP purchased a new stake in Tactile Systems Technology in the second quarter valued at approximately $46,000. Magnetar Financial LLC purchased a new stake in Tactile Systems Technology in the second quarter valued at approximately $130,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Tactile Systems Technology in the third quarter valued at approximately $156,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

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.