Tactile Systems Technology Inc (NASDAQ:TCMD) CFO Lynn Larson Blake sold 766 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $32.34, for a total value of $24,772.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tactile Systems Technology Inc (NASDAQ TCMD) traded up $0.25 during midday trading on Friday, reaching $31.80. The company had a trading volume of 160,008 shares, compared to its average volume of 195,213. Tactile Systems Technology Inc has a 1 year low of $14.98 and a 1 year high of $37.88. The firm has a market cap of $558.14 and a P/E ratio of 102.58.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. During the same period in the prior year, the company earned $0.01 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. equities analysts predict that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Northland Securities began coverage on Tactile Systems Technology in a research note on Tuesday, October 17th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.25.
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Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
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