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

Equities research analysts at StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP) in a report issued on Thursday. The firm set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Stock Down 3.4 %

EDAP stock opened at $2.26 on Thursday. The business’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.56. The company has a market cap of $83.86 million, a price-to-earnings ratio of -3.48 and a beta of 0.37. Edap Tms has a fifty-two week low of $2.00 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18.

Institutional Trading of Edap Tms

Several large investors have recently added to or reduced their stakes in the business. Rock Springs Capital Management LP raised its position in Edap Tms by 1.5% in the fourth quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider’s stock worth $3,518,000 after acquiring an additional 23,800 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in Edap Tms by 48.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock worth $355,000 after purchasing an additional 52,500 shares during the period. Parkman Healthcare Partners LLC bought a new position in Edap Tms in the 3rd quarter worth $395,000. Orion Capital Management LLC grew its holdings in 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 period. Finally, Millennium Management LLC grew its holdings in Edap Tms by 218.5% during the fourth 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 during the period. 62.74% of the stock is currently owned by institutional investors.

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.