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

StockNews.com initiated coverage on shares of Edap Tms (NASDAQ:EDAP) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the medical equipment provider’s stock.

Edap Tms Trading Up 8.7 %

Edap Tms stock opened at $2.86 on Friday. The firm has a market cap of $106.11 million, a price-to-earnings ratio of -4.40 and a beta of 0.36. Edap Tms has a 1 year low of $2.00 and a 1 year high of $8.50. The firm’s 50 day moving average price is $2.30 and its two-hundred day moving average price is $2.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18.

Hedge Funds Weigh In On Edap Tms

A number of institutional investors have recently bought and sold shares of EDAP. BNP Paribas Financial Markets lifted its stake in Edap Tms by 23.7% during the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after buying an additional 4,400 shares in the last quarter. Orion Capital Management LLC lifted 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 acquiring an additional 6,600 shares in the last quarter. Illumine Investment Management LLC acquired a new position in Edap Tms in the 4th quarter worth approximately $50,000. 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 worth $3,518,000 after purchasing an additional 23,800 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew 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 purchasing an additional 52,500 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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.