StockNews.com Begins Coverage on Edap Tms (NASDAQ:EDAP)

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

Edap Tms Price Performance

NASDAQ EDAP opened at $2.15 on Friday. Edap Tms has a 12 month low of $1.96 and a 12 month high of $8.50. The firm has a market capitalization of $79.77 million, a PE ratio of -3.31 and a beta of 0.37. The company’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46.

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

Institutional Trading of Edap Tms

A number of large investors have recently added to or reduced their stakes in EDAP. Illumine Investment Management LLC bought a new position in shares of Edap Tms in the fourth quarter valued at $50,000. BNP Paribas Financial Markets grew its holdings in shares of Edap Tms by 23.7% in 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 during the last quarter. Jane Street Group LLC raised its position in shares of Edap Tms by 174.7% during the fourth quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock worth $69,000 after purchasing an additional 73,361 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 last quarter. Finally, Orion Capital Management LLC boosted its position 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 during the period. 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.