Wednesday, February 1, 2023
Google search engine
HomeMarketResultsTactile Systems Technology, Inc. (NASDAQ:TCMD) Short Interest Update

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Short Interest Update


Tactile Techniques Expertise, Inc. (NASDAQ:TCMDGet Rating) was the recipient of a big lower briefly curiosity throughout the month of December. As of December fifteenth, there was quick curiosity totalling 486,400 shares, a lower of 16.7% from the November thirtieth whole of 583,800 shares. Based mostly on a mean buying and selling quantity of 245,400 shares, the days-to-cover ratio is presently 2.0 days.

Wall Avenue Analysts Forecast Progress

Individually, StockNews.com raised shares of Tactile Techniques Expertise from a “maintain” ranking to a “purchase” ranking in a analysis report on Friday, November 18th. 4 analysts have rated the inventory with a purchase ranking, Based on MarketBeat.com, the inventory has a consensus ranking of “Purchase” and a consensus worth goal of $23.33.

Tactile Techniques Expertise Inventory Efficiency

TCMD stock opened at $11.68 on Friday. The inventory’s 50 day easy transferring common is $9.20 and its 200 day easy transferring common is $8.43. Tactile Techniques Expertise has a 12-month low of $6.28 and a 12-month excessive of $21.62. The agency has a market cap of $235.41 million, a P/E ratio of -7.79 and a beta of 1.37. The corporate has a present ratio of two.10, a fast ratio of 1.68 and a debt-to-equity ratio of 0.41.

Tactile Techniques Expertise (NASDAQ:TCMDGet Rating) final posted its quarterly earnings outcomes on Monday, November seventh. The corporate reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.20. Tactile Techniques Expertise had a detrimental web margin of 12.78% and a detrimental return on fairness of 12.70%. The corporate had income of $65.26 million for the quarter, in comparison with the consensus estimate of $60.20 million. As a bunch, equities analysis analysts predict that Tactile Techniques Expertise will publish -0.32 EPS for the present yr.

Hedge Funds Weigh In On Tactile Techniques Expertise

Quite a lot of hedge funds and different institutional buyers have just lately purchased and bought shares of TCMD. BlackRock Inc. lifted its holdings in shares of Tactile Techniques Expertise by 0.8% within the 1st quarter. BlackRock Inc. now owns 3,764,795 shares of the corporate’s inventory value $75,899,000 after buying a further 29,898 shares over the last quarter. Vanguard Group Inc. grew its place in shares of Tactile Techniques Expertise by 9.8% throughout the first quarter. Vanguard Group Inc. now owns 1,339,530 shares of the corporate’s inventory value $27,005,000 after buying a further 119,456 shares over the last quarter. Millennium Administration LLC elevated its holdings in shares of Tactile Techniques Expertise by 426.6% within the 2nd quarter. Millennium Administration LLC now owns 973,542 shares of the corporate’s inventory value $7,107,000 after buying a further 788,667 shares throughout the interval. Healthcare of Ontario Pension Plan Belief Fund elevated its holdings in shares of Tactile Techniques Expertise by 77.5% within the 2nd quarter. Healthcare of Ontario Pension Plan Belief Fund now owns 567,600 shares of the corporate’s inventory value $4,143,000 after buying a further 247,800 shares throughout the interval. Lastly, Royce & Associates LP acquired a brand new place in Tactile Techniques Expertise throughout the third quarter valued at about $3,390,000. 83.99% of the inventory is at present owned by institutional buyers and hedge funds.

Tactile Techniques Expertise Firm Profile

(Get Rating)

Tactile Techniques Expertise, Inc, a medical expertise firm, engages within the growth and provision of medical units for power illnesses in the US. The corporate provides Flexitouch Plus system, a pneumatic compression machine for the remedy of lymphedema; Entre system, a conveyable pneumatic compression machine that’s used for the at-home remedy of venous problems, corresponding to lymphedema and power venous insufficiency, together with venous leg ulcers; and AffloVest, a conveyable excessive frequency chest wall oscillation check for the remedy of retained pulmonary secretions corresponding to bronchiectasis, cystic fibrosis, and numerous neuromuscular problems.

See Additionally

This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Tactile Techniques Expertise, you may need to hear this.

MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat has recognized the five stocks that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Tactile Techniques Expertise wasn’t on the record.

Whereas Tactile Techniques Expertise at present has a “Purchase” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The Five Stocks Here

(Almost) Everything You Need To Know About The EV Market Cover



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments