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

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

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

Tactile Systems Technology Trading Up 1.6 %

Shares of NASDAQ TCMD opened at $18.89 on Tuesday. Tactile Systems Technology has a 1-year low of $11.12 and a 1-year high of $21.10. The company has a 50-day moving average of $15.33 and a two-hundred day moving average of $13.58. The company has a market cap of $453.36 million, a PE ratio of 29.06 and a beta of 1.20. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TCMD. Paradigm Capital Management Inc. NY increased its holdings in Tactile Systems Technology by 90.1% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Tactile Systems Technology by 324.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock valued at $3,785,000 after acquiring an additional 242,413 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at approximately $1,803,000. Los Angeles Capital Management LLC bought a new position in Tactile Systems Technology during the 2nd quarter worth approximately $1,187,000. Finally, Federated Hermes Inc. grew its holdings in Tactile Systems Technology by 26.5% during the second quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after purchasing an additional 90,960 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

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.