Edap Tms (NASDAQ:EDAP) Research Coverage Started at StockNews.com

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

Edap Tms Stock Down 3.4 %

EDAP opened at $2.25 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46. The business has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $2.58. The stock has a market capitalization of $83.48 million, a P/E ratio of -3.46 and a beta of 0.37. Edap Tms has a 12 month low of $2.00 and a 12 month high of $8.50.

Hedge Funds Weigh In On Edap Tms

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in Edap Tms by 218.5% during the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock worth $108,000 after purchasing an additional 33,558 shares during the last quarter. BNP Paribas Financial Markets increased its position in Edap Tms by 111.5% during 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 in the last quarter. Jane Street Group LLC increased its position in 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 in the last quarter. Schonfeld Strategic Advisors LLC increased its position in 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 in the last quarter. Finally, Rock Springs Capital Management LP increased its position in 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 worth $3,518,000 after buying an additional 23,800 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

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.