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

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Tactile Systems Technology Stock Performance

Tactile Systems Technology stock opened at $14.17 on Friday. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $16.95. The firm’s 50 day simple moving average is $13.06 and its 200-day simple moving average is $13.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.44 and a quick ratio of 3.89. The company has a market cap of $336.68 million, a P/E ratio of 11.81 and a beta of 1.17.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $73.22 million for the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a return on equity of 16.94% and a net margin of 11.57%. As a group, equities research analysts predict that Tactile Systems Technology will post 0.63 EPS for the current year.

Institutional Trading of Tactile Systems Technology

Several large investors have recently modified their holdings of the company. Palisade Asset Management LLC acquired a new position in Tactile Systems Technology during the 1st quarter worth $32,000. Quarry LP bought a new stake in shares of Tactile Systems Technology in the second quarter valued at approximately $46,000. Magnetar Financial LLC bought a new position in shares of Tactile Systems Technology during the 2nd quarter worth about $130,000. RiverPark Advisors LLC increased its stake in Tactile Systems Technology by 802.5% during the first quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after acquiring an additional 7,656 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Tactile Systems Technology in the 1st quarter valued at approximately $166,000. 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.