Tactile Systems Technology (NASDAQ:TCMD) Lifted 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 published on Friday.

Tactile Systems Technology Trading Down 0.5 %

TCMD stock opened at $14.17 on Friday. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $16.95. The stock has a market capitalization of $336.71 million, a price-to-earnings ratio of 11.81 and a beta of 1.17. The company has a quick ratio of 3.89, a current ratio of 4.44 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $13.06 and its two-hundred day simple moving average is $13.48.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. The company had revenue of $73.22 million for the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. As a group, analysts anticipate that Tactile Systems Technology will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Tactile Systems Technology

A number of large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Tactile Systems Technology in the second quarter worth $46,000. Mackenzie Financial Corp bought a new position in shares of Tactile Systems Technology in the second quarter worth about $166,000. AQR Capital Management LLC grew its holdings in shares of Tactile Systems Technology by 1.9% in the second quarter. AQR Capital Management LLC now owns 269,431 shares of the company’s stock worth $3,217,000 after purchasing an additional 4,961 shares during the last quarter. AXA S.A. purchased a new position in Tactile Systems Technology in the 2nd quarter worth about $446,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in Tactile Systems Technology by 90.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after buying an additional 561,073 shares in the last quarter. 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.