Tactile Systems Technology (NASDAQ:TCMD) Cut to Buy at StockNews.com

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

Other equities analysts have also issued reports about the stock. B. Riley began coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price on the stock. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th.

Tactile Systems Technology Stock Down 0.2 %

NASDAQ TCMD opened at $17.40 on Thursday. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. The company has a market cap of $417.60 million, a price-to-earnings ratio of 26.77 and a beta of 1.21. The company has a 50 day moving average of $17.47 and a 200-day moving average of $14.83. Tactile Systems Technology has a 1-year low of $11.12 and a 1-year high of $21.10.

Hedge Funds Weigh In On Tactile Systems Technology

Several large investors have recently bought and sold shares of TCMD. Rhumbline Advisers increased its position in Tactile Systems Technology by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 39,318 shares of the company’s stock valued at $469,000 after acquiring an additional 4,099 shares during the period. American Century Companies Inc. lifted its position in shares of Tactile Systems Technology by 59.7% in the 2nd quarter. American Century Companies Inc. now owns 25,711 shares of the company’s stock worth $307,000 after purchasing an additional 9,608 shares during the period. Federated Hermes Inc. boosted its stake in shares of Tactile Systems Technology by 26.5% in the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after purchasing an additional 90,960 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Tactile Systems Technology during the second quarter worth $130,000. Finally, Paradigm Capital Management Inc. NY raised its stake in Tactile Systems Technology by 90.1% during the second 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. 83.43% of the stock is currently 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.