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

Research analysts at StockNews.com assumed coverage on shares of Edap Tms (NASDAQ:EDAP) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Trading Up 0.8 %

Shares of NASDAQ:EDAP opened at $2.50 on Friday. Edap Tms has a 52-week low of $2.00 and a 52-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. The company has a market capitalization of $92.75 million, a P/E ratio of -3.85 and a beta of 0.36. The company has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.93.

Edap Tms (NASDAQ:EDAP) last released its quarterly earnings data on Thursday, November 7th. The medical equipment provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). The business had revenue of $14.42 million during the quarter, compared to analyst estimates of $17.00 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. During the same period in the previous year, the business earned ($0.12) earnings per share. Sell-side analysts forecast that Edap Tms will post -0.6 earnings per share for the current year.

Hedge Funds Weigh In On Edap Tms

Institutional investors and hedge funds have recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. acquired a new stake in Edap Tms during the 3rd quarter worth approximately $36,000. Illumine Investment Management LLC bought a new position in Edap Tms during the 4th quarter worth $50,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 worth $59,000 after buying an additional 4,400 shares in the last quarter. Orion Capital Management LLC boosted its position in shares of Edap Tms by 10.4% in the third 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 during the period. Finally, Parkman Healthcare Partners LLC acquired a new position in shares of Edap Tms in the third quarter valued at about $395,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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.