Equities research analysts at StockNews.com assumed coverage on shares of Edap Tms (NASDAQ:EDAP - Get Free Report) in a research report issued on Thursday. The firm set a "hold" rating on the medical equipment provider's stock.
Edap Tms Stock Performance
Shares of NASDAQ:EDAP traded down $0.09 during trading on Thursday, hitting $2.19. The stock had a trading volume of 14,130 shares, compared to its average volume of 75,296. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. Edap Tms has a 12-month low of $2.00 and a 12-month high of $8.50. The stock has a market capitalization of $81.26 million, a price-to-earnings ratio of -3.37 and a beta of 0.37. The stock has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $2.54.
Institutional Investors Weigh In On Edap Tms
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDAP. Millennium Management LLC boosted its stake in shares of Edap Tms by 218.5% in the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider's stock worth $108,000 after buying an additional 33,558 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Edap Tms by 111.5% in the fourth quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider's stock valued at $108,000 after acquiring an additional 25,650 shares during the period. Jane Street Group LLC boosted its position in Edap Tms by 174.7% in the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider's stock worth $69,000 after purchasing an additional 73,361 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Edap Tms by 48.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider's stock worth $355,000 after purchasing an additional 52,500 shares during the period. Finally, Rock Springs Capital Management LP grew its stake in shares of Edap Tms by 1.5% during the 4th quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider's stock worth $3,518,000 after purchasing an additional 23,800 shares during the period. 62.74% of the stock is owned by institutional investors and hedge funds.
About Edap Tms
(
Get Free Report)
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.
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