StockNews.com upgraded shares of Tactile Systems Technology (NASDAQ:TCMD – Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday.
Tactile Systems Technology Stock Up 3.2 %
Tactile Systems Technology stock opened at $11.94 on Thursday. The stock has a market cap of $283.69 million, a PE ratio of 9.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.63 and a current ratio of 4.26. Tactile Systems Technology has a one year low of $9.69 and a one year high of $26.11. The stock has a fifty day moving average of $12.95 and a 200 day moving average of $14.25.
Tactile Systems Technology (NASDAQ:TCMD – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $61.09 million during the quarter, compared to analysts’ expectations of $59.10 million. Tactile Systems Technology had a return on equity of 15.88% and a net margin of 10.19%. As a group, sell-side analysts predict that Tactile Systems Technology will post 0.58 EPS for the current year.
Insiders Place Their Bets
Institutional Trading of Tactile Systems Technology
Several institutional investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI grew its position in shares of 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 purchasing an additional 764 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Tactile Systems Technology by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock worth $283,000 after purchasing an additional 1,159 shares in the last quarter. Covestor Ltd grew its position in shares of 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 purchasing an additional 1,177 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Tactile Systems Technology by 11.9% during the fourth quarter. New York State Common Retirement Fund now owns 12,019 shares of the company’s stock worth $172,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in shares of Tactile Systems Technology during the first quarter worth about $32,000. 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.
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