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

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

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

Tactile Systems Technology Stock Performance

Shares of NASDAQ:TCMD opened at $18.59 on Tuesday. The company has a market capitalization of $446.16 million, a price-to-earnings ratio of 28.60 and a beta of 1.17. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. Tactile Systems Technology has a 52 week low of $11.12 and a 52 week high of $21.10. The firm has a 50 day moving average of $15.23 and a 200 day moving average of $13.54.

Hedge Funds Weigh In On Tactile Systems Technology

A number of institutional investors have recently modified their holdings of TCMD. Vanguard Group Inc. boosted its position in Tactile Systems Technology by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock worth $22,480,000 after purchasing an additional 13,350 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of 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 valued at $14,135,000 after purchasing an additional 561,073 shares in the last quarter. Wasatch Advisors LP raised its holdings in Tactile Systems Technology by 9.8% in the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock worth $10,624,000 after purchasing an additional 64,684 shares during the period. Royce & Associates LP boosted its position in Tactile Systems Technology by 2.5% during the third quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock worth $8,956,000 after purchasing an additional 14,780 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tactile Systems Technology by 1.5% in the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock valued at $8,164,000 after purchasing an additional 8,422 shares during the period. 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.