Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,482 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $31.15, for a total value of $77,314.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Tactile Systems Technology Inc (NASDAQ:TCMD) opened at $29.93 on Wednesday. Tactile Systems Technology Inc has a 52 week low of $16.10 and a 52 week high of $37.88. The firm has a market capitalization of $551.06 and a P/E ratio of 93.53.
Several equities research analysts recently commented on TCMD shares. Sidoti began coverage on Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating on the stock. BidaskClub downgraded Tactile Systems Technology from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 price target on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Friday, November 10th. Finally, BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Tactile Systems Technology has an average rating of “Buy” and an average target price of $34.25.
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About Tactile Systems Technology
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
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