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

StockNews.com began coverage on shares of Edap Tms (NASDAQ:EDAP - Free Report) in a report issued on Friday morning. The firm issued a hold rating on the medical equipment provider's stock.

Edap Tms Stock Down 8.8 %

Shares of NASDAQ:EDAP traded down $0.19 during trading on Friday, reaching $1.96. 275,746 shares of the stock were exchanged, compared to its average volume of 87,361. Edap Tms has a 1-year low of $1.96 and a 1-year high of $8.50. The stock has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.49. 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 firm has a market cap of $72.72 million, a price-to-earnings ratio of -3.02 and a beta of 0.37.

Edap Tms (NASDAQ:EDAP - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The medical equipment provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The firm had revenue of $22.69 million for the quarter, compared to the consensus estimate of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. Research analysts anticipate that Edap Tms will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Edap Tms

Several institutional investors and hedge funds have recently modified their holdings of the stock. Illumine Investment Management LLC purchased a new position in shares of Edap Tms during the fourth quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 4,400 shares in the last quarter. Jane Street Group LLC boosted its holdings in 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 last quarter. Millennium Management LLC grew its stake in shares of 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 in the last quarter. Finally, Orion Capital Management LLC raised its holdings 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 purchasing an additional 6,600 shares during the last quarter. 62.74% of the stock is 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.