Edap Tms (NASDAQ:EDAP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP) in a research note released on Thursday morning. The firm issued a hold rating on the medical equipment provider’s stock.

Edap Tms Stock Performance

Shares of Edap Tms stock 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 twelve month low of $2.00 and a twelve month high of $8.50. The stock has a market cap of $81.26 million, a price-to-earnings ratio of -3.37 and a beta of 0.37. The company’s fifty day moving average is $2.42 and its 200 day moving average is $2.54.

Institutional Trading of Edap Tms

Several institutional investors have recently modified their holdings of EDAP. Illumine Investment Management LLC bought a new stake in shares of Edap Tms in the fourth quarter worth $50,000. BNP Paribas Financial Markets grew its stake in shares of Edap Tms by 23.7% in the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after purchasing an additional 4,400 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Edap Tms by 174.7% in the fourth quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock worth $69,000 after purchasing an additional 73,361 shares during the last quarter. Millennium Management LLC grew its stake in shares of 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 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 valued at $178,000 after acquiring an additional 6,600 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

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.