Edap Tms (NASDAQ:EDAP) Lowered to "Sell" at StockNews.com

Edap Tms (NASDAQ:EDAP - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.

Separately, HC Wainwright boosted their price objective on shares of Edap Tms from $16.00 to $19.00 and gave the company a "buy" rating in a report on Monday, April 1st.

Edap Tms Stock Up 1.8 %

EDAP stock traded up $0.13 during midday trading on Friday, hitting $7.26. The company's stock had a trading volume of 6,701 shares, compared to its average volume of 39,543. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.30. Edap Tms has a twelve month low of $3.60 and a twelve month high of $12.23. The company's fifty day moving average price is $7.10 and its 200 day moving average price is $6.27. The stock has a market capitalization of $269.35 million, a P/E ratio of -11.52 and a beta of 0.74.

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

Institutional Trading of Edap Tms

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Soleus Capital Management L.P. lifted its holdings in shares of Edap Tms by 5.0% during the 4th quarter. Soleus Capital Management L.P. now owns 5,134,430 shares of the medical equipment provider's stock worth $54,733,000 after acquiring an additional 244,685 shares during the period. Rock Springs Capital Management LP lifted its holdings in shares of Edap Tms by 14.6% during 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 period. Envestnet Asset Management Inc. increased its position in Edap Tms by 1,285.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 231,168 shares of the medical equipment provider's stock worth $37,000 after purchasing an additional 214,480 shares in the last quarter. Millennium Management LLC increased its position in Edap Tms by 135.2% during the 4th quarter. Millennium Management LLC now owns 188,261 shares of the medical equipment provider's stock worth $2,007,000 after purchasing an additional 108,209 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its position in Edap Tms by 0.9% during the 4th quarter. Cetera Advisor Networks LLC now owns 111,162 shares of the medical equipment provider's stock worth $1,185,000 after purchasing an additional 944 shares in the last quarter. Institutional investors own 62.74% of the company's stock.

About Edap Tms

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.