Edap Tms (EDAP) Set to Announce Quarterly Earnings on Wednesday

Edap Tms (NASDAQ:EDAPGet Free Report) will be announcing its earnings results before the market opens on Wednesday, March 27th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Edap Tms Price Performance

Shares of NASDAQ EDAP opened at $7.41 on Monday. The firm has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $6.12. The stock has a market capitalization of $273.50 million, a price-to-earnings ratio of -11.94 and a beta of 0.73. The company has a quick ratio of 2.50, a current ratio of 3.09 and a debt-to-equity ratio of 0.04. Edap Tms has a 52 week low of $3.60 and a 52 week high of $12.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Edap Tms from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th.

Get Our Latest Research Report on EDAP

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EDAP. Soleus Capital Management L.P. lifted its stake in Edap Tms by 5.0% in the fourth quarter. Soleus Capital Management L.P. now owns 5,134,430 shares of the medical equipment provider’s stock worth $54,733,000 after acquiring an additional 244,685 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Edap Tms by 1,285.2% in the first quarter. Envestnet Asset Management Inc. now owns 231,168 shares of the medical equipment provider’s stock worth $37,000 after acquiring an additional 214,480 shares during the last quarter. Millennium Management LLC lifted its stake in Edap Tms by 135.2% in the fourth quarter. Millennium Management LLC now owns 188,261 shares of the medical equipment provider’s stock worth $2,007,000 after acquiring an additional 108,209 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Edap Tms in the fourth quarter worth approximately $831,000. Finally, Mariner LLC purchased a new position in Edap Tms in the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Edap Tms Company Profile

(Get Free Report)

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. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST).

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Earnings History for Edap Tms (NASDAQ:EDAP)

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