Edap Tms (NASDAQ:EDAP) Coverage Initiated by Analysts at StockNews.com

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

Edap Tms Stock Down 3.9 %

NASDAQ EDAP opened at $2.19 on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. Edap Tms has a 52 week low of $2.00 and a 52 week high of $8.50. The firm has a market capitalization of $81.26 million, a price-to-earnings ratio of -3.37 and a beta of 0.37. The company has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.54.

Institutional Trading of Edap Tms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Illumine Investment Management LLC bought a new position in shares of Edap Tms during the fourth quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its stake 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 worth $59,000 after acquiring an additional 4,400 shares during the last quarter. Jane Street Group LLC boosted its holdings in Edap Tms by 174.7% during 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 during the period. Millennium Management LLC grew its position 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 valued at $108,000 after acquiring an additional 33,558 shares during the last quarter. Finally, Orion Capital Management LLC increased its stake in Edap Tms by 10.4% in 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 owned by hedge funds and other institutional investors.

Edap Tms Company Profile

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.