Tactile Systems Technology (NASDAQ:TCMD) Lowered to Buy Rating by StockNews.com

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

TCMD has been the subject of several other reports. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. B. Riley began coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 target price on the stock. Finally, BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Trading Down 1.2 %

NASDAQ:TCMD opened at $18.13 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. The business has a fifty day moving average price of $15.92 and a 200-day moving average price of $13.83. The firm has a market capitalization of $435.07 million, a price-to-earnings ratio of 27.89 and a beta of 1.20. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10.

Institutional Investors Weigh In On Tactile Systems Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCMD. Arcadia Investment Management Corp MI acquired a new stake in shares of Tactile Systems Technology in the third quarter worth approximately $29,000. Gladius Capital Management LP purchased a new position in shares of Tactile Systems Technology in the 3rd quarter worth about $44,000. Quarry LP purchased a new stake in Tactile Systems Technology during the 2nd quarter worth approximately $46,000. SG Americas Securities LLC bought a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $156,000. Finally, Magnetar Financial LLC bought a new stake in Tactile Systems Technology during the second quarter worth approximately $130,000. 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.