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

StockNews.com assumed coverage on shares of Edap Tms (NASDAQ:EDAP) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Edap Tms Stock Down 0.4 %

EDAP stock opened at $2.33 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46. The firm has a market capitalization of $86.45 million, a P/E ratio of -3.58 and a beta of 0.37. Edap Tms has a 52-week low of $2.00 and a 52-week high of $8.50. The company’s 50 day simple moving average is $2.43 and its 200-day simple moving average is $2.58.

Institutional Trading of Edap Tms

A number of hedge funds have recently modified their holdings of the business. Rock Springs Capital Management LP raised its position in 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 valued at $3,518,000 after buying an additional 23,800 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in 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 acquiring an additional 52,500 shares in the last quarter. Parkman Healthcare Partners LLC acquired a new position in shares of Edap Tms in the 3rd quarter valued at about $395,000. Orion Capital Management LLC lifted its position in shares of Edap Tms by 10.4% in 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 in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Edap Tms by 218.5% during 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 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.