Tactile Systems Technology (NASDAQ:TCMD) Lowered to Neutral Rating by BTIG Research

BTIG Research lowered shares of Tactile Systems Technology (NASDAQ:TCMD) from a buy rating to a neutral rating in a research report released on Tuesday morning, Marketbeat Ratings reports.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. B. Riley began coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 target price on the stock.

Tactile Systems Technology Price Performance

NASDAQ TCMD opened at $13.43 on Tuesday. The business’s fifty day moving average is $14.03 and its 200 day moving average is $13.19. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $16.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.44. The company has a market capitalization of $319.10 million, a PE ratio of 20.66 and a beta of 1.17.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $73.22 million for the quarter, compared to analysts’ expectations of $72.62 million. Tactile Systems Technology had a return on equity of 9.38% and a net margin of 5.42%. Sell-side analysts predict that Tactile Systems Technology will post 0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new stake in shares of Tactile Systems Technology during the third quarter valued at approximately $29,000. Quarry LP bought a new stake in Tactile Systems Technology in the 2nd quarter valued at $46,000. Magnetar Financial LLC purchased a new stake in Tactile Systems Technology in the 2nd quarter worth $130,000. SG Americas Securities LLC bought a new position in shares of Tactile Systems Technology during the 3rd quarter valued at about $156,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Tactile Systems Technology during the first quarter valued at about $166,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

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.