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

Equities researchers at StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP - Get Free Report) in a note issued to investors on Monday. The firm set a "hold" rating on the medical equipment provider's stock.

Several other research analysts also recently commented on EDAP. Jefferies Financial Group reaffirmed a "hold" rating and issued a $2.00 target price (down from $8.00) on shares of Edap Tms in a research note on Friday, April 4th. HC Wainwright restated a "buy" rating and issued a $19.00 price objective on shares of Edap Tms in a research report on Friday, March 28th. Finally, Piper Sandler dropped their target price on shares of Edap Tms from $5.00 to $4.50 and set an "overweight" rating for the company in a report on Friday, March 28th.

Edap Tms Trading Up 5.3 %

Shares of Edap Tms stock opened at $1.38 on Monday. The company's 50-day moving average price is $2.15 and its 200-day moving average price is $2.33. The company has a market cap of $51.20 million, a price-to-earnings ratio of -2.12 and a beta of 0.12. Edap Tms has a 12-month low of $1.26 and a 12-month high of $7.40. 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 (NASDAQ:EDAP - Get Free Report) last posted 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 company had revenue of $22.69 million for the quarter, compared to analysts' expectations of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. On average, equities analysts expect that Edap Tms will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Edap Tms

Several institutional investors have recently made changes to their positions in the business. Illumine Investment Management LLC purchased a new stake in shares of Edap Tms in the fourth quarter worth $50,000. Rock Springs Capital Management LP boosted its holdings in Edap Tms by 1.5% in 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 buying an additional 23,800 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in 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 buying an additional 52,500 shares in the last quarter. Jane Street Group LLC raised its holdings in 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 during the period. Finally, BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 25,650 shares during the period. Institutional investors own 62.74% of the company's stock.

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.

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