Tactile Systems Technology (NASDAQ:TCMD) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Tactile Systems Technology (NASDAQ:TCMD) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

TCMD has been the subject of several other reports. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. Finally, B. Riley assumed coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They set a “buy” rating and a $23.00 target price on the stock.

Tactile Systems Technology Trading Up 1.6 %

Shares of NASDAQ:TCMD opened at $18.89 on Tuesday. The firm has a market cap of $453.36 million, a price-to-earnings ratio of 29.06 and a beta of 1.20. Tactile Systems Technology has a 12 month low of $11.12 and a 12 month high of $21.10. The company’s fifty day simple moving average is $15.33 and its 200 day simple moving average is $13.58. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12.

Institutional Trading of Tactile Systems Technology

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Tactile Systems Technology by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock worth $283,000 after acquiring an additional 1,159 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Tactile Systems Technology in the third quarter valued at $29,000. ClariVest Asset Management LLC raised its position in shares of Tactile Systems Technology by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company’s stock valued at $993,000 after purchasing an additional 2,326 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter worth about $44,000. Finally, Quarry LP bought a new stake in shares of Tactile Systems Technology during the 2nd quarter worth about $46,000. 83.43% of the stock is owned by institutional investors and hedge funds.

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.