Research analysts at StockNews.com initiated coverage on shares of Edap Tms (NASDAQ:EDAP - Get Free Report) in a research note issued on Tuesday. The brokerage set a "hold" rating on the medical equipment provider's stock.
Edap Tms Stock Performance
Edap Tms stock traded up $0.07 during trading hours on Tuesday, reaching $2.54. 45,422 shares of the company were exchanged, compared to its average volume of 38,035. The company has a current ratio of 2.18, a quick ratio of 1.46 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 50-day moving average of $2.41 and a 200 day moving average of $2.65. The firm has a market cap of $94.24 million, a price-to-earnings ratio of -3.91 and a beta of 0.36.
Hedge Funds Weigh In On Edap Tms
Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted 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 valued at $108,000 after acquiring an additional 33,558 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 valued at $108,000 after purchasing an additional 25,650 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of 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 valued at $69,000 after acquiring an additional 73,361 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Edap Tms by 48.5% in 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 in the last quarter. Finally, Rock Springs Capital Management LP lifted 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 valued at $3,518,000 after purchasing an additional 23,800 shares during the period. Hedge funds and other institutional investors own 62.74% of the company's stock.
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.
Featured Articles
Before you consider Edap Tms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Edap Tms wasn't on the list.
While Edap Tms currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
