Edap Tms (NASDAQ:EDAP) Given “Buy” Rating at HC Wainwright

Edap Tms (NASDAQ:EDAP)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $19.00 target price on the medical equipment provider’s stock.

Separately, StockNews.com assumed coverage on Edap Tms in a research report on Friday. They issued a “hold” rating for the company.

Edap Tms Stock Performance

Shares of Edap Tms stock opened at $2.22 on Friday. Edap Tms has a one year low of $1.96 and a one year high of $8.50. The company has a market capitalization of $82.37 million, a PE ratio of -3.42 and a beta of 0.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. The company has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $2.51.

Edap Tms (NASDAQ:EDAP) last posted its earnings results on Thursday, March 27th. The medical equipment provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $22.69 million during the quarter, compared to analysts’ expectations of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. Research analysts expect that Edap Tms will post -0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Edap Tms

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its stake in Edap Tms by 218.5% during the 4th quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock valued at $108,000 after purchasing an additional 33,558 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Edap Tms by 111.5% in the 4th quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock valued at $108,000 after acquiring an additional 25,650 shares during the period. Jane Street Group LLC raised its stake in Edap Tms by 174.7% in the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock worth $69,000 after acquiring an additional 73,361 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Edap Tms by 48.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock worth $355,000 after acquiring an additional 52,500 shares during the period. Finally, Rock Springs Capital Management LP grew its stake in Edap Tms by 1.5% during the 4th quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider’s stock valued at $3,518,000 after purchasing an additional 23,800 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Edap Tms Company Profile

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.