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

Analysts at StockNews.com began coverage on shares of Edap Tms (NASDAQ:EDAP) in a report released on Friday. The firm set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Stock Up 8.3 %

EDAP opened at $2.22 on Friday. The business’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.51. Edap Tms has a 52 week low of $1.96 and a 52 week high of $8.50. 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 cap of $82.37 million, a PE ratio of -3.42 and a beta of 0.37.

Hedge Funds Weigh In On Edap Tms

A number of large investors have recently modified their holdings of the company. Millennium Management LLC boosted its stake in Edap Tms by 218.5% in the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock worth $108,000 after buying an additional 33,558 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Edap Tms by 111.5% in the 4th quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock worth $108,000 after acquiring an additional 25,650 shares during the last quarter. Jane Street Group LLC boosted 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 purchasing an additional 73,361 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Edap Tms by 48.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock valued at $355,000 after purchasing an additional 52,500 shares during the last quarter. Finally, Rock Springs Capital Management LP raised its position in Edap Tms by 1.5% in the 4th quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider’s stock worth $3,518,000 after purchasing an additional 23,800 shares during the period. 62.74% of the stock is owned by hedge funds and other 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.