Tactile Systems Technology (NASDAQ:TCMD) Upgraded to “Strong-Buy” by StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Tactile Systems Technology Stock Up 3.2 %

Tactile Systems Technology stock opened at $11.94 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.63 and a current ratio of 4.26. The firm has a market capitalization of $283.69 million, a price-to-earnings ratio of 9.95 and a beta of 1.24. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $26.11. The stock’s fifty day moving average is $12.95 and its two-hundred day moving average is $14.24.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $61.09 million for the quarter, compared to analyst estimates of $59.10 million. Tactile Systems Technology had a return on equity of 15.88% and a net margin of 10.19%. Analysts predict that Tactile Systems Technology will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Tactile Systems Technology

In other Tactile Systems Technology news, CFO Elaine M. Birkemeyer sold 3,041 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $13.68, for a total value of $41,600.88. Following the sale, the chief financial officer now owns 61,295 shares of the company’s stock, valued at $838,515.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Elaine M. Birkemeyer sold 3,041 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $13.68, for a total value of $41,600.88. Following the sale, the chief financial officer now directly owns 61,295 shares in the company, valued at $838,515.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Burke sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $14.06, for a total value of $35,150.00. Following the completion of the sale, the director now owns 25,273 shares in the company, valued at $355,338.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,356 shares of company stock valued at $88,462. Insiders own 0.96% of the company’s stock.

Institutional Trading of Tactile Systems Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI lifted its position in Tactile Systems Technology by 94.8% during the first quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company’s stock worth $25,000 after buying an additional 764 shares during the period. Palisade Asset Management LLC purchased a new position in Tactile Systems Technology during the first quarter worth about $32,000. International Assets Investment Management LLC lifted its position in Tactile Systems Technology by 1,330.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock worth $41,000 after buying an additional 2,660 shares during the period. Covestor Ltd lifted its position in Tactile Systems Technology by 69.4% during the third quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after buying an additional 1,177 shares during the period. Finally, RiverPark Advisors LLC lifted its position in Tactile Systems Technology by 802.5% during the first quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock worth $140,000 after buying an additional 7,656 shares during the period. 83.43% of the stock is currently owned by hedge funds and other 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.