Edap Tms (NASDAQ:EDAP) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Edap Tms (NASDAQ:EDAP) in a report issued on Friday. The brokerage issued a hold rating on the medical equipment provider’s stock.

Edap Tms Trading Down 3.2 %

Shares of Edap Tms stock opened at $2.15 on Friday. The business has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $2.50. The firm has a market cap of $79.77 million, a price-to-earnings ratio of -3.31 and a beta of 0.37. Edap Tms has a fifty-two week low of $1.96 and a fifty-two week high of $8.50. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08.

Edap Tms (NASDAQ:EDAP) last issued its quarterly earnings results on Thursday, March 27th. The medical equipment provider reported ($0.05) earnings per share 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 the consensus estimate of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. On average, equities analysts forecast that Edap Tms will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in shares of Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after acquiring an additional 4,400 shares in the last quarter. Orion Capital Management LLC lifted its holdings in shares of Edap Tms by 10.4% during the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock valued at $178,000 after purchasing an additional 6,600 shares during the last quarter. Illumine Investment Management LLC purchased a new stake in shares of Edap Tms during the fourth quarter valued at $50,000. Rock Springs Capital Management LP boosted its position in shares of Edap Tms by 1.5% in 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 period. Finally, Millennium Management LLC increased its stake in Edap Tms by 218.5% in the 4th quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock worth $108,000 after purchasing an additional 33,558 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

About Edap Tms

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.