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

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

Edap Tms Price Performance

EDAP opened at $2.50 on Monday. The company has a fifty day moving average price of $2.36 and a two-hundred day moving average price of $2.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. Edap Tms has a 52 week low of $2.00 and a 52 week high of $8.50. The firm has a market capitalization of $92.76 million, a PE ratio of -3.85 and a beta of 0.36.

Hedge Funds Weigh In On Edap Tms

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 4,400 shares in the last quarter. Orion Capital Management LLC lifted its position 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 valued at $178,000 after acquiring an additional 6,600 shares in the last quarter. Illumine Investment Management LLC bought a new stake in Edap Tms in the 4th quarter valued at $50,000. Rock Springs Capital Management LP lifted its position 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 valued at $3,518,000 after acquiring an additional 23,800 shares in the last quarter. Finally, Millennium Management LLC lifted its position in 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 acquiring an additional 33,558 shares in the last quarter. 62.74% of the stock is 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.