Credit: Shutterstock photoThe IBD SmartSelect Composite Rating for Tactile Systems Technology ( TCMD ) rose from 94 to 96 Thursday.
[ibd-display-video id=2368044 width=50 float=left autostart=true] The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Tactile Systems Technology is now out of buy range after breaking out from a 21.16 buy point in a cup with handle.
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The stock has a 97 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 600% EPS growth. It has now posted accelerating EPS gains for two consecutive quarters. Sales growth fell to 25%, down from 33% in the previous quarter.
Tactile Systems Technology holds the No. 5 rank among its peers in the Medical-Products industry group. Align Technology ( ALGN ) is the top-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
