Tactile Systems Technology Inc (TCMD) Shares Down 0.5%
Tactile Systems Technology Inc (NASDAQ:TCMD) shares were down 0.5% during trading on Wednesday . The stock traded as low as $18.76 and last traded at $19.16, with a volume of 70,841 shares changing hands. The stock had previously closed at $19.25.
Several research analysts have commented on TCMD shares. Piper Jaffray Cos. started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued an “overweight” rating and a $17.00 price objective on the stock. BTIG Research started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued a “buy” rating and a $18.00 price objective on the stock. William Blair started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity started coverage on Tactile Systems Technology in a research report on Thursday, August 25th. They issued a “buy” rating and a $21.00 price objective on the stock.
The firm has a market cap of $321.35 million and a price-to-earnings ratio of 309.03. The stock has a 50 day moving average price of $15.00 and a 200 day moving average price of $14.68.
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In related news, Director Richard Nigon purchased 18,750 shares of the stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average cost of $16.87 per share, for a total transaction of $316,312.50. Following the acquisition, the director now directly owns 8,322 shares in the company, valued at approximately $140,392.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Soderberg purchased 100,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average price of $10.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $50,000. The disclosure for this purchase can be found here.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.
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