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

StockNews.com began coverage on shares of Edap Tms (NASDAQ:EDAP) in a research report issued on Friday. The firm set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Stock Down 3.2 %

Shares of NASDAQ:EDAP opened at $2.15 on Friday. The company has a fifty day moving average of $2.42 and a 200-day moving average of $2.50. The company has a market capitalization of $79.77 million, a PE ratio of -3.31 and a beta of 0.37. Edap Tms has a 52-week low of $1.96 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.

Edap Tms (NASDAQ:EDAP) last announced its earnings results on Thursday, March 27th. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $22.69 million during the quarter, compared to analyst estimates of $20.83 million. Edap Tms had a negative return on equity of 44.21% and a negative net margin of 34.92%. On average, equities analysts predict that Edap Tms will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Illumine Investment Management LLC purchased a new position in Edap Tms in the fourth quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its position in shares of Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after buying an additional 4,400 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Edap Tms by 174.7% during the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock worth $69,000 after acquiring an additional 73,361 shares during the period. Millennium Management LLC increased its holdings 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 worth $108,000 after acquiring an additional 33,558 shares during the last quarter. Finally, Orion Capital Management LLC raised 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 valued at $178,000 after acquiring an additional 6,600 shares during the period. 62.74% of the stock is owned by institutional investors.

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.