Edap Tms (NASDAQ:EDAP) Earns Sell (E+) Rating from Weiss Ratings

Key Points

• Edap Tms (NASDAQ:EDAP) has received a reaffirmed "sell (E+)" rating from Weiss Ratings, indicating analysts' lack of confidence in the stock's performance.
• The company's stock traded at $2.21 with a market capitalization of $82.63 million, reflecting a 52-week range between $1.21 and $3.08.
• Over 62.74% of Edap Tms stock is owned by hedge funds and institutional investors, suggesting significant institutional interest despite the negative rating.

Edap Tms (NASDAQ:EDAP - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Edap Tms Stock Performance

Shares of EDAP traded up $0.01 during mid-day trading on Wednesday, reaching $2.21. 11,277 shares of the company's stock were exchanged, compared to its average volume of 45,920. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.51 and a quick ratio of 1.05. The stock has a market capitalization of $82.63 million, a PE ratio of -3.62 and a beta of -0.15. The business's fifty day simple moving average is $2.00 and its 200-day simple moving average is $1.83. Edap Tms has a 52-week low of $1.21 and a 52-week high of $3.08.

Hedge Funds Weigh In On Edap Tms

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its position in shares of Edap Tms by 33.9% during the first quarter. Cetera Investment Advisers now owns 75,000 shares of the medical equipment provider's stock worth $147,000 after acquiring an additional 19,000 shares during the last quarter. Simplicity Wealth LLC purchased a new position in Edap Tms in the 2nd quarter valued at $54,000. Millennium Management LLC grew its position in 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 buying an additional 33,558 shares during the last quarter. Sage Mountain Advisors LLC purchased a new position in Edap Tms in the 2nd quarter valued at $165,000. Finally, Scoggin Management LP purchased a new position in Edap Tms in the 1st quarter valued at $686,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

About Edap Tms

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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