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

Research analysts at StockNews.com began coverage on shares of Edap Tms (NASDAQ:EDAP) in a report issued on Tuesday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Price Performance

Shares of EDAP stock opened at $2.46 on Tuesday. Edap Tms has a fifty-two week low of $2.00 and a fifty-two week high of $8.50. The firm has a market capitalization of $91.28 million, a price-to-earnings ratio of -3.78 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. The stock’s 50-day simple moving average is $2.40 and its 200-day simple moving average is $2.65.

Institutional Investors Weigh In On Edap Tms

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of Edap Tms by 23.7% during 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 period. Parkman Healthcare Partners LLC acquired a new stake in shares of Edap Tms during the third quarter worth about $395,000. Orion Capital Management LLC lifted its holdings in shares of 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. Illumine Investment Management LLC acquired a new stake in shares of Edap Tms during the fourth quarter worth about $50,000. Finally, Rock Springs Capital Management LP lifted its holdings in shares of Edap Tms by 1.5% during the fourth 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. Hedge funds and other 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.