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

StockNews.com cut shares of Tactile Systems Technology (NASDAQ:TCMD) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

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

Tactile Systems Technology Stock Down 0.2 %

Shares of NASDAQ TCMD opened at $17.40 on Thursday. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The firm has a market cap of $417.60 million, a PE ratio of 26.77 and a beta of 1.21. The company’s fifty day simple moving average is $17.47 and its 200 day simple moving average is $14.83. Tactile Systems Technology has a 12-month low of $11.12 and a 12-month high of $21.10.

Institutional Trading of Tactile Systems Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in Tactile Systems Technology by 12.7% during the fourth quarter. SG Americas Securities LLC now owns 12,032 shares of the company’s stock worth $206,000 after buying an additional 1,354 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Tactile Systems Technology in the 3rd quarter worth $29,000. Gladius Capital Management LP purchased a new stake in shares of Tactile Systems Technology in the third quarter valued at about $44,000. Quarry LP bought a new position in shares of Tactile Systems Technology during the second quarter valued at about $46,000. Finally, Rhumbline Advisers boosted its holdings in Tactile Systems Technology by 11.6% during the second quarter. Rhumbline Advisers now owns 39,318 shares of the company’s stock worth $469,000 after purchasing an additional 4,099 shares during the last quarter. 83.43% of the stock is owned by hedge funds and other 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.