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

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

A number of other research firms have also recently weighed in on TCMD. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. B. Riley began coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective on the stock. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD opened at $17.57 on Wednesday. The company has a market capitalization of $421.63 million, a P/E ratio of 27.03 and a beta of 1.21. Tactile Systems Technology has a 1-year low of $11.12 and a 1-year high of $21.10. The firm’s 50 day simple moving average is $17.14 and its two-hundred day simple moving average is $14.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80.

Institutional Trading of Tactile Systems Technology

Hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of Tactile Systems Technology by 28.1% during the third quarter. FMR LLC now owns 79,348 shares of the company’s stock valued at $1,159,000 after purchasing an additional 17,393 shares in the last quarter. Wasatch Advisors LP grew its holdings in Tactile Systems Technology by 9.8% during the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock valued at $10,624,000 after buying an additional 64,684 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Tactile Systems Technology by 90.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock worth $14,135,000 after acquiring an additional 561,073 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Tactile Systems Technology during the 2nd quarter worth approximately $706,000. Finally, Geode Capital Management LLC boosted its position in shares of Tactile Systems Technology by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock valued at $8,164,000 after acquiring an additional 8,422 shares during the last quarter. 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.