Redhawk Wealth Advisors Inc. Invests $36,000 in Edap Tms S.A. (NASDAQ:EDAP)

Redhawk Wealth Advisors Inc. purchased a new position in Edap Tms S.A. (NASDAQ:EDAP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the medical equipment provider’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently made changes to their positions in EDAP. Miracle Mile Advisors LLC bought a new position in shares of Edap Tms in the first quarter worth about $136,000. Roubaix Capital LLC bought a new position in shares of Edap Tms in the first quarter worth about $169,000. Virtu Financial LLC bought a new position in shares of Edap Tms in the first quarter worth about $82,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Edap Tms by 5.9% in the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after purchasing an additional 4,000 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EDAP has been the topic of several recent research reports. HC Wainwright reiterated a “buy” rating and set a $19.00 target price on shares of Edap Tms in a report on Thursday, August 29th. StockNews.com upgraded shares of Edap Tms from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th.

Edap Tms Stock Up 1.9 %

Shares of Edap Tms stock opened at $2.75 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 1.80. Edap Tms S.A. has a 1 year low of $2.45 and a 1 year high of $8.50. The firm’s 50-day moving average is $3.33 and its two-hundred day moving average is $5.10. The stock has a market cap of $102.04 million, a price-to-earnings ratio of -5.09 and a beta of 0.40.

Edap Tms (NASDAQ:EDAP) last released its quarterly earnings results on Wednesday, August 28th. The medical equipment provider reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $16.97 million for the quarter, compared to analysts’ expectations of $17.16 million. Edap Tms had a negative net margin of 31.68% and a negative return on equity of 36.41%. As a group, research analysts expect that Edap Tms S.A. will post -0.59 earnings per share for the current fiscal year.

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.