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

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

Other equities analysts have also issued reports about the company. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. B. Riley started coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Trading Down 0.6 %

NASDAQ TCMD opened at $17.13 on Tuesday. 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 firm has a market capitalization of $411.07 million, a P/E ratio of 26.35 and a beta of 1.20. The business has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $14.33. Tactile Systems Technology has a 12 month low of $11.12 and a 12 month high of $21.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in Tactile Systems Technology in the third quarter valued at approximately $29,000. Gladius Capital Management LP bought a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $44,000. Quarry LP bought a new position in shares of Tactile Systems Technology during the 2nd quarter valued at $46,000. Magnetar Financial LLC purchased a new stake in Tactile Systems Technology during the second quarter valued at about $130,000. Finally, SG Americas Securities LLC purchased a new position in shares of Tactile Systems Technology in the third quarter worth about $156,000. 83.43% of the stock is currently owned by hedge funds and other 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.