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

StockNews.com downgraded shares of Tactile Systems Technology (NASDAQ:TCMD) from a strong-buy rating to a buy rating in a research report released on Thursday.

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

Tactile Systems Technology Stock Performance

NASDAQ TCMD opened at $17.43 on Thursday. The firm’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $14.77. The stock has a market cap of $418.27 million, a PE ratio of 26.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. Tactile Systems Technology has a fifty-two week low of $11.12 and a fifty-two week high of $21.10.

Institutional Investors Weigh In On Tactile Systems Technology

A number of institutional investors have recently made changes to their positions in TCMD. Retireful LLC acquired a new position in shares of Tactile Systems Technology in the fourth quarter worth approximately $173,000. Tidal Investments LLC raised its holdings in Tactile Systems Technology by 20.9% during the 3rd quarter. Tidal Investments LLC now owns 25,957 shares of the company’s stock worth $379,000 after purchasing an additional 4,483 shares during the last quarter. Barclays PLC lifted its position in shares of Tactile Systems Technology by 56.7% in the 3rd quarter. Barclays PLC now owns 66,885 shares of the company’s stock worth $977,000 after purchasing an additional 24,188 shares during the period. Hohimer Wealth Management LLC bought a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at $320,000. Finally, Geode Capital Management LLC boosted its stake in shares of Tactile Systems Technology by 1.5% in the 3rd 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 last quarter. 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.