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

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

Edap Tms Price Performance

NASDAQ:EDAP opened at $2.50 on Monday. 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 moving average of $2.36 and a 200-day moving average of $2.72. Edap Tms has a 52 week low of $2.00 and a 52 week high of $8.50. The company has a market capitalization of $92.76 million, a price-to-earnings ratio of -3.85 and a beta of 0.36.

Institutional Investors Weigh In On Edap Tms

Large investors have recently modified their holdings of the stock. Rock Springs Capital Management LP boosted its stake in 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 buying an additional 23,800 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Edap Tms by 48.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock valued at $355,000 after acquiring an additional 52,500 shares during the period. Parkman Healthcare Partners LLC bought a new position in shares of Edap Tms during the third quarter valued at $395,000. Orion Capital Management LLC boosted its stake in shares of Edap Tms by 10.4% in the 3rd 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 in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of 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 during the last quarter. 62.74% of the stock is currently owned by 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.