Edap Tms (NASDAQ:EDAP) Cut to Sell at StockNews.com

Edap Tms (NASDAQ:EDAP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, HC Wainwright reissued a “buy” rating and set a $19.00 price target on shares of Edap Tms in a report on Thursday, August 29th.

Edap Tms Stock Performance

Shares of EDAP traded down $0.10 during trading hours on Tuesday, hitting $2.37. The company had a trading volume of 125,112 shares, compared to its average volume of 60,453. The business has a fifty day moving average of $2.71 and a 200-day moving average of $4.11. 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 firm has a market cap of $87.94 million, a price-to-earnings ratio of -3.65 and a beta of 0.38. Edap Tms has a 12 month low of $2.27 and a 12 month high of $8.50.

Edap Tms (NASDAQ:EDAP) last released its quarterly earnings results on Wednesday, August 28th. The medical equipment provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $16.97 million during the quarter, compared to the consensus estimate of $17.16 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. Equities analysts anticipate that Edap Tms will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EDAP. Virtu Financial LLC bought a new position in shares of Edap Tms in the first quarter worth $82,000. Redhawk Wealth Advisors Inc. bought a new position in Edap Tms in the 3rd quarter valued at about $36,000. BNP Paribas Financial Markets lifted its holdings 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 period. Orion Capital Management LLC boosted its position in shares of Edap Tms by 10.4% during the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Edap Tms by 5.9% in the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock valued at $388,000 after acquiring an additional 4,000 shares during the last quarter. 62.74% of the stock is owned by institutional investors.

Edap Tms Company Profile

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. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.