Tactile Systems Technology (NASDAQ:TCMD) Upgraded to Strong-Buy by B. Riley

B. Riley upgraded shares of Tactile Systems Technology (NASDAQ:TCMD) to a strong-buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

Separately, StockNews.com upgraded shares of Tactile Systems Technology from a buy rating to a strong-buy rating in a report on Friday, September 20th.

Tactile Systems Technology Trading Down 0.9 %

NASDAQ TCMD opened at $14.22 on Wednesday. The company has a quick ratio of 3.89, a current ratio of 4.44 and a debt-to-equity ratio of 0.12. Tactile Systems Technology has a 52 week low of $9.69 and a 52 week high of $16.95. The stock has a market capitalization of $337.87 million, a PE ratio of 11.85 and a beta of 1.17. The firm has a 50 day moving average of $13.22 and a two-hundred day moving average of $13.45.

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

Institutional Trading of Tactile Systems Technology

Several institutional investors have recently modified their holdings of the stock. First Light Asset Management LLC lifted its position in shares of Tactile Systems Technology by 38.1% during the 4th quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company’s stock worth $40,897,000 after buying an additional 788,535 shares during the last quarter. Cadian Capital Management LP purchased a new stake in shares of Tactile Systems Technology during the 4th quarter worth approximately $24,954,000. Vanguard Group Inc. lifted its position in shares of Tactile Systems Technology by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock worth $22,480,000 after buying an additional 13,350 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its position in shares of Tactile Systems Technology by 90.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock worth $14,135,000 after buying an additional 561,073 shares during the last quarter. Finally, Wasatch Advisors LP purchased a new stake in shares of Tactile Systems Technology during the 1st quarter worth approximately $8,687,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

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.