Tactile Systems Technology (NASDAQ:TCMD) Stock Rating Upgraded by StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Tactile Systems Technology Stock Performance

Tactile Systems Technology stock opened at $13.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.99 and a current ratio of 3.54. The stock’s 50 day simple moving average is $15.21 and its two-hundred day simple moving average is $14.19. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $26.11. The stock has a market cap of $329.08 million, a price-to-earnings ratio of 11.54 and a beta of 1.23.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.25. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. The firm had revenue of $77.65 million for the quarter, compared to analysts’ expectations of $78.85 million. During the same quarter last year, the business posted $0.29 earnings per share. As a group, analysts expect that Tactile Systems Technology will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel L. Reuvers sold 5,378 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $14.85, for a total transaction of $79,863.30. Following the completion of the transaction, the chief executive officer now directly owns 192,321 shares in the company, valued at approximately $2,855,966.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tactile Systems Technology news, VP Kristie Burns sold 2,015 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.90, for a total transaction of $32,038.50. Following the sale, the vice president now directly owns 63,512 shares in the company, valued at $1,009,840.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel L. Reuvers sold 5,378 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $14.85, for a total value of $79,863.30. Following the transaction, the chief executive officer now directly owns 192,321 shares of the company’s stock, valued at approximately $2,855,966.85. The disclosure for this sale can be found here. Insiders sold 18,335 shares of company stock worth $280,532 over the last three months. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TCMD. Arcadia Investment Management Corp MI raised its stake in shares of Tactile Systems Technology by 94.8% in the 1st quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company’s stock valued at $25,000 after purchasing an additional 764 shares in the last quarter. New York State Teachers Retirement System bought a new position in Tactile Systems Technology during the third quarter valued at about $29,000. Palisade Asset Management LLC bought a new stake in Tactile Systems Technology in the first quarter worth about $32,000. Covestor Ltd lifted its holdings in Tactile Systems Technology by 69.4% in the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company’s stock valued at $40,000 after acquiring an additional 1,177 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Tactile Systems Technology by 1,330.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock valued at $41,000 after purchasing an additional 2,660 shares in the last quarter. 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.