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

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

Tactile Systems Technology Price Performance

NASDAQ TCMD opened at $15.60 on Tuesday. The company has a market cap of $366.60 million, a PE 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. 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 firm’s 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $14.74.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TCMD. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 1,385 shares during the last quarter. International Assets Investment Management LLC grew its position in Tactile Systems Technology by 1,330.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock valued at $41,000 after acquiring an additional 2,660 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Tactile Systems Technology during the third quarter valued at approximately $43,000. UBS Group AG grew its position in Tactile Systems Technology by 25.1% during the third quarter. UBS Group AG now owns 6,349 shares of the company’s stock valued at $50,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Tactile Systems Technology during the second quarter valued at approximately $75,000. 85.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on TCMD

Tactile Systems Technology Company Profile

(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.

Further Reading

Earnings History for Tactile Systems Technology (NASDAQ:TCMD)

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