Edap Tms (NASDAQ:EDAP) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP - Free Report) in a report issued on Thursday morning. The brokerage issued a hold rating on the medical equipment provider's stock.

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

Edap Tms Stock Down 3.8%

NASDAQ:EDAP traded down $0.07 on Thursday, hitting $1.79. 13,803 shares of the company's stock were exchanged, compared to its average volume of 98,033. The firm has a 50-day moving average price of $1.91 and a 200-day moving average price of $2.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46. Edap Tms has a 52 week low of $1.26 and a 52 week high of $6.70. The company has a market cap of $66.93 million, a P/E ratio of -2.75 and a beta of 0.13.

Edap Tms (NASDAQ:EDAP - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The medical equipment provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. As a group, analysts expect that Edap Tms will post -0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Edap Tms

Several institutional investors and hedge funds have recently made changes to their positions in EDAP. Banque Transatlantique SA grew its holdings in Edap Tms by 7,063.7% in the 1st quarter. Banque Transatlantique SA now owns 730,699 shares of the medical equipment provider's stock worth $1,324,000 after acquiring an additional 720,499 shares during the last quarter. Scoggin Management LP bought a new stake in Edap Tms in the 1st quarter worth $686,000. Jane Street Group LLC grew its holdings in Edap Tms by 174.7% in the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider's stock worth $69,000 after acquiring an additional 73,361 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings 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 acquiring an additional 52,500 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Edap Tms by 218.5% in the 4th 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 period. Institutional investors own 62.74% of the company's stock.

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.