Tactile Systems Technology (TCMD) Projected to Post Earnings on Tuesday

Tactile Systems Technology (NASDAQ:TCMD) is expected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $85.39 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Tactile Systems Technology Trading Down 1.1 %

TCMD opened at $16.90 on Tuesday. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. Tactile Systems Technology has a 52 week low of $11.12 and a 52 week high of $21.10. The stock has a market cap of $405.55 million, a PE ratio of 26.00 and a beta of 1.20. The business has a 50 day moving average of $17.64 and a 200-day moving average of $15.43.

Analyst Ratings Changes

A number of brokerages have weighed in on TCMD. StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th.

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.