Edap Tms (NASDAQ:EDAP) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Edap Tms (NASDAQ:EDAP) in a research report sent to investors on Friday, MarketBeat.com reports. They currently have a $2.00 price objective on the medical equipment provider’s stock, down from their prior price objective of $8.00.

Other research analysts have also issued reports about the company. StockNews.com assumed coverage on Edap Tms in a research report on Friday, March 28th. They issued a “hold” rating for the company. HC Wainwright restated a “buy” rating and issued a $19.00 price target on shares of Edap Tms in a report on Friday, March 28th. Finally, Piper Sandler cut their price objective on shares of Edap Tms from $5.00 to $4.50 and set an “overweight” rating on the stock in a research report on Friday, March 28th.

Edap Tms Stock Performance

EDAP stock opened at $1.61 on Friday. Edap Tms has a 1-year low of $1.51 and a 1-year high of $8.50. The business has a 50-day moving average price of $2.39 and a 200 day moving average price of $2.46. The company has a market capitalization of $59.74 million, a P/E ratio of -2.48 and a beta of 0.37. 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 results on Thursday, March 27th. The medical equipment provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. As a group, equities research analysts forecast that Edap Tms will post -0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Edap Tms

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position 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 valued at $108,000 after purchasing an additional 33,558 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Edap Tms by 111.5% in the fourth quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock worth $108,000 after buying an additional 25,650 shares during the last quarter. Jane Street Group LLC lifted its stake 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 buying an additional 73,361 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake 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 worth $355,000 after buying an additional 52,500 shares during the period. Finally, Rock Springs Capital Management LP grew its holdings in shares of Edap Tms by 1.5% during the fourth 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 during the last quarter. Institutional investors and hedge funds 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.