Edap Tms (NASDAQ:EDAP) Now Covered by Analysts at StockNews.com

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

Edap Tms Trading Down 0.4 %

Shares of EDAP stock traded down $0.01 during mid-day trading on Friday, reaching $2.77. The stock had a trading volume of 8,477 shares, compared to its average volume of 43,012. The firm has a market capitalization of $102.78 million, a PE ratio of -4.26 and a beta of 0.36. The stock's 50-day moving average price is $2.32 and its two-hundred day moving average price is $2.79. 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 52-week low of $2.00 and a 52-week high of $8.50.

Hedge Funds Weigh In On Edap Tms

Hedge funds have recently made changes to their positions in the business. Orion Capital Management LLC boosted its holdings in 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 acquiring an additional 6,600 shares in the last quarter. Parkman Healthcare Partners LLC bought a new stake in shares of Edap Tms during the 3rd quarter valued at about $395,000. Millennium Management LLC increased its position in shares of Edap Tms by 218.5% during the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider's stock valued at $108,000 after buying an additional 33,558 shares during the period. Jane Street Group LLC grew its holdings 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. Finally, BNP Paribas Financial Markets raised 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 worth $108,000 after purchasing an additional 25,650 shares in 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.