Edap Tms (NASDAQ:EDAP) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Edap Tms (NASDAQ:EDAP) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Trading Up 8.3 %

Shares of EDAP opened at $2.22 on Friday. Edap Tms has a twelve month low of $1.96 and a twelve month high of $8.50. The stock has a market cap of $82.37 million, a PE ratio of -3.42 and a beta of 0.37. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.51.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Edap Tms by 23.7% in 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 increased its stake in 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 worth $178,000 after acquiring an additional 6,600 shares during the last quarter. Illumine Investment Management LLC purchased a new stake in shares of Edap Tms in the 4th quarter valued at about $50,000. Rock Springs Capital Management LP boosted its position in shares of Edap Tms by 1.5% during the 4th 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 acquiring an additional 23,800 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Edap Tms by 218.5% during the 4th quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock valued at $108,000 after acquiring an additional 33,558 shares during the last quarter. 62.74% of the stock is currently owned by hedge funds and other 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.