Tactile Systems Technology (NASDAQ:TCMD) Upgraded to Strong-Buy by StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Tactile Systems Technology Price Performance

TCMD stock traded up $0.25 during trading on Tuesday, reaching $14.44. 471,719 shares of the company were exchanged, compared to its average volume of 276,443. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $26.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99. The company has a market capitalization of $343.09 million, a price-to-earnings ratio of 12.03 and a beta of 1.23. The company has a 50-day moving average of $15.25 and a two-hundred day moving average of $14.19.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.25. The company had revenue of $77.65 million during the quarter, compared to analysts’ expectations of $78.85 million. Tactile Systems Technology had a return on equity of 17.08% and a net margin of 10.39%. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts predict that Tactile Systems Technology will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Tactile Systems Technology

In related news, VP Kristie Burns sold 2,249 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the transaction, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 5,378 shares of Tactile Systems Technology 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 transaction, the chief executive officer now directly owns 192,321 shares of the company’s stock, valued at approximately $2,855,966.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kristie Burns sold 2,249 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the sale, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,520 shares of company stock worth $268,820. Insiders own 1.40% of the company’s stock.

Institutional Trading of Tactile Systems Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI lifted its position 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 worth $25,000 after purchasing an additional 764 shares during the period. New York State Teachers Retirement System bought a new stake in Tactile Systems Technology during the third quarter valued at $29,000. Palisade Asset Management LLC acquired a new stake in Tactile Systems Technology during the 1st quarter worth about $32,000. Covestor Ltd raised its position in shares of Tactile Systems Technology by 69.4% in the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after acquiring an additional 1,177 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Tactile Systems Technology by 1,330.0% in 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 during the period. 83.43% of the stock is currently owned by institutional investors.

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.