Edap Tms (NASDAQ:EDAP) Share Price Crosses Above 200-Day Moving Average of $6.29

Shares of Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.29 and traded as high as $7.34. Edap Tms shares last traded at $7.28, with a volume of 63,516 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on EDAP. HC Wainwright boosted their price objective on Edap Tms from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. StockNews.com cut Edap Tms from a "hold" rating to a "sell" rating in a research report on Friday, April 19th.

Edap Tms Price Performance

The company has a current ratio of 2.84, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $7.22 and a 200 day moving average price of $6.28. The stock has a market cap of $270.09 million, a PE ratio of -11.56 and a beta of 0.74.

Edap Tms (NASDAQ:EDAP - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The medical equipment provider reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.13). Edap Tms had a negative net margin of 35.03% and a negative return on equity of 34.33%. The firm had revenue of $21.27 million for the quarter, compared to analysts' expectations of $21.30 million. As a group, research analysts forecast that Edap Tms S.A. will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Edap Tms

A number of hedge funds and other institutional investors have recently made changes to their positions in EDAP. Summit Trail Advisors LLC bought a new stake in shares of Edap Tms during the 3rd quarter valued at $77,000. Milestone Investment Advisors LLC bought a new position in Edap Tms in the 3rd quarter worth about $39,000. Rock Springs Capital Management LP increased its stake in Edap Tms by 14.6% in the 3rd quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider's stock worth $9,547,000 after acquiring an additional 173,700 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Edap Tms in the 1st quarter worth about $136,000. 62.74% of the stock is currently owned by institutional investors.

Edap Tms Company Profile

EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.