Tactile Systems Technology (TCMD) Scheduled to Post Earnings on Tuesday

Tactile Systems Technology (NASDAQ:TCMDGet Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Tactile Systems Technology to post earnings of $0.13 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Tactile Systems Technology Stock Performance

Shares of TCMD opened at $15.60 on Tuesday. The company has a quick ratio of 2.81, a current ratio of 3.33 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $14.74. The stock has a market cap of $366.60 million, a price-to-earnings ratio of 14.44 and a beta of 1.20. Tactile Systems Technology has a 52 week low of $9.69 and a 52 week high of $26.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 16th.

View Our Latest Stock Report on TCMD

Institutional Investors Weigh In On Tactile Systems Technology

Several institutional investors have recently modified their holdings of TCMD. PNC Financial Services Group Inc. raised its holdings in shares of Tactile Systems Technology by 219.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock worth $40,000 after buying an additional 1,385 shares during the period. International Assets Investment Management LLC increased its holdings in 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 worth $41,000 after purchasing an additional 2,660 shares during the period. Lazard Asset Management LLC purchased a new position in Tactile Systems Technology during the 2nd quarter worth $86,000. Teachers Retirement System of The State of Kentucky purchased a new position in Tactile Systems Technology during the 3rd quarter worth $43,000. Finally, UBS Group AG increased its holdings in Tactile Systems Technology by 25.1% during the 3rd quarter. UBS Group AG now owns 6,349 shares of the company’s stock worth $50,000 after purchasing an additional 1,274 shares during the period. 85.97% of the stock is owned by institutional investors.

About Tactile Systems Technology

(Get Free Report)

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre 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; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.

See Also

Earnings History for Tactile Systems Technology (NASDAQ:TCMD)

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