Tactile Systems Technology Inc (TCMD) Sets New 12-Month High at $16.73
Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) hit a new 52-week high on Tuesday . The stock traded as high as $16.73 and last traded at $16.39, with a volume of 89,290 shares trading hands. The stock had previously closed at $15.66.
TCMD has been the subject of several recent research reports. BTIG Research initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued a “buy” rating and a $18.00 price objective for the company. Canaccord Genuity initiated coverage on Tactile Systems Technology in a research report on Thursday, August 25th. They issued a “buy” rating and a $21.00 price objective for the company. Piper Jaffray Cos. initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued an “overweight” rating and a $17.00 price objective for the company. Finally, William Blair initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued an “outperform” rating for the company.
The firm has a market capitalization of $277.58 million and a P/E ratio of 266.94. The company’s 50-day moving average price is $13.85 and its 200 day moving average price is $13.85.
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In other Tactile Systems Technology news, Director Peter H. Soderberg bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average price of $10.00 per share, with a total value of $1,000,000.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $50,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.
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