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

Analysts at StockNews.com initiated coverage on shares of Edap Tms (NASDAQ:EDAP) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Price Performance

NASDAQ EDAP opened at $2.33 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $86.45 million, a PE ratio of -3.58 and a beta of 0.37. Edap Tms has a 12-month low of $2.00 and a 12-month high of $8.50. The company has a 50 day moving average price of $2.43 and a two-hundred day moving average price of $2.58.

Institutional Investors Weigh In On Edap Tms

A number of large investors have recently bought and sold shares of the business. Illumine Investment Management LLC bought a new position in Edap Tms during the fourth quarter valued at about $50,000. BNP Paribas Financial Markets increased its holdings in shares of Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after acquiring an additional 4,400 shares during the last quarter. Jane Street Group LLC raised its stake in shares of 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 valued at $69,000 after acquiring an additional 73,361 shares in the last quarter. Millennium Management LLC lifted its holdings 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 worth $108,000 after purchasing an additional 33,558 shares during the last quarter. Finally, Orion Capital Management LLC boosted its position in Edap Tms by 10.4% during the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after purchasing an additional 6,600 shares during the period. 62.74% of the stock is currently owned by 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.