Edap Tms (NASDAQ:EDAP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP) in a report released on Sunday morning. The brokerage issued a hold rating on the medical equipment provider’s stock.

Edap Tms Stock Down 2.8 %

EDAP stock opened at $2.78 on Friday. The stock’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $2.79. The company has a market cap of $103.14 million, a P/E ratio of -4.28 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. Edap Tms has a fifty-two week low of $2.00 and a fifty-two week high of $8.50.

Institutional Trading of Edap Tms

Several hedge funds have recently bought and sold shares of EDAP. BNP Paribas Financial Markets lifted its stake in shares of Edap Tms by 23.7% in the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after buying an additional 4,400 shares in the last quarter. Orion Capital Management LLC lifted its position in Edap Tms by 10.4% in the 3rd 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. Illumine Investment Management LLC acquired a new position in Edap Tms during the 4th quarter valued at about $50,000. Rock Springs Capital Management LP increased its holdings in 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 in the last quarter. Finally, Millennium Management LLC raised 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 purchasing an additional 33,558 shares during the last quarter. Institutional investors and hedge funds 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.