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

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

Edap Tms Stock Up 0.8 %

Shares of NASDAQ EDAP traded up $0.02 during trading hours on Monday, hitting $2.61. The company had a trading volume of 2,218 shares, compared to its average volume of 40,416. Edap Tms has a 1-year low of $2.00 and a 1-year high of $8.50. 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 firm's 50 day moving average is $2.37 and its 200-day moving average is $2.71. The stock has a market capitalization of $96.84 million, a P/E ratio of -4.02 and a beta of 0.36.

Institutional Investors Weigh In On Edap Tms

A number of institutional investors and hedge funds have recently modified their holdings of the company. Illumine Investment Management LLC acquired a new position in Edap Tms during the fourth quarter worth approximately $50,000. BNP Paribas Financial Markets raised its stake in Edap Tms by 23.7% in 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 during the period. Jane Street Group LLC lifted 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 valued at $69,000 after purchasing an additional 73,361 shares during the last quarter. Millennium Management LLC lifted its holdings in 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 purchasing an additional 33,558 shares during the last quarter. Finally, Orion Capital Management LLC boosted its position in Edap Tms by 10.4% during the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider's stock worth $178,000 after purchasing an additional 6,600 shares during the period. 62.74% of the stock is owned by institutional investors.

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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.