Tactile Systems Technology (NASDAQ:TCMD) Stock Rating Upgraded by StockNews.com

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 note issued on Friday.

Tactile Systems Technology Stock Performance

Shares of TCMD stock opened at $14.17 on Friday. The business has a 50 day simple moving average of $13.06 and a 200 day simple moving average of $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 firm has a market capitalization of $336.68 million, a price-to-earnings ratio of 11.81 and a beta of 1.17. Tactile Systems Technology has a 12-month low of $9.69 and a 12-month high of $16.95.

Tactile Systems Technology (NASDAQ:TCMD) last announced its 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. The firm had revenue of $73.22 million for the quarter, compared to analysts’ expectations of $72.62 million. Tactile Systems Technology had a return on equity of 16.94% and a net margin of 11.57%. On average, equities research analysts anticipate that Tactile Systems Technology will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Tactile Systems Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Light Asset Management LLC boosted 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 valued at $40,897,000 after purchasing an additional 788,535 shares in the last quarter. Cadian Capital Management LP bought a new stake in Tactile Systems Technology during the fourth quarter worth approximately $24,954,000. Vanguard Group Inc. grew its position in Tactile Systems Technology by 1.0% in the first 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 increased its holdings in shares of 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 buying an additional 561,073 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in shares of Tactile Systems Technology during the 1st quarter valued at $8,687,000. 83.43% of the stock is currently owned by institutional investors.

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.