Tactile Systems Technology (NASDAQ:TCMD) Raised to “Strong-Buy” at StockNews.com

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

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $14.29 on Friday. The stock’s 50-day moving average is $13.09 and its 200-day moving average is $13.47. Tactile Systems Technology has a one year low of $9.69 and a one year high of $16.95. The firm has a market cap of $339.56 million, a price-to-earnings ratio of 11.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.44 and a quick ratio of 3.89.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $73.22 million during the quarter, compared to analysts’ expectations of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. Equities analysts predict that Tactile Systems Technology will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tactile Systems Technology

Large investors have recently made changes to their positions in the stock. Palisade Asset Management LLC bought a new stake in shares of Tactile Systems Technology in the 1st quarter valued at about $32,000. Quarry LP acquired a new position in shares of Tactile Systems Technology in the second quarter valued at approximately $46,000. RiverPark Advisors LLC boosted its stake in Tactile Systems Technology by 802.5% in the 1st quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after purchasing an additional 7,656 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Tactile Systems Technology during the first quarter worth $166,000. Finally, Cornerstone Investment Partners LLC bought a new position in Tactile Systems Technology during the first quarter worth about $167,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

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.