Tandem Diabetes Care Inc (NASDAQ:TNDM) shares traded down 19.5% during trading on Friday . The stock traded as low as $2.14 and last traded at $2.35. 6,295,264 shares traded hands during trading, an increase of 599% from the average session volume of 900,277 shares. The stock had previously closed at $2.92.

Several research analysts have commented on the company. Zacks Investment Research downgraded Tandem Diabetes Care from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Robert W. Baird reissued a “hold” rating and set a $3.00 target price on shares of Tandem Diabetes Care in a research note on Sunday, November 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tandem Diabetes Care presently has a consensus rating of “Hold” and a consensus target price of $11.29.

The company has a debt-to-equity ratio of -2.70, a current ratio of 1.90 and a quick ratio of 0.88. The company has a market cap of $26.51, a P/E ratio of -0.12 and a beta of 0.44.

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Tandem Diabetes Care by 13.5% in the third quarter. Russell Investments Group Ltd. now owns 659,993 shares of the medical device company’s stock valued at $482,000 after buying an additional 78,748 shares during the period. Wedbush Securities Inc. increased its stake in shares of Tandem Diabetes Care by 88.6% in the third quarter. Wedbush Securities Inc. now owns 188,877 shares of the medical device company’s stock valued at $138,000 after buying an additional 88,709 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Tandem Diabetes Care by 2.7% in the second quarter. Vanguard Group Inc. now owns 1,233,607 shares of the medical device company’s stock valued at $987,000 after buying an additional 32,991 shares during the period.

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Tandem Diabetes Care Company Profile

Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).

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