Edap Tms (NASDAQ:EDAP) Now Covered by StockNews.com

StockNews.com started coverage on shares of Edap Tms (NASDAQ:EDAP) in a report released on Monday. The brokerage issued a hold rating on the medical equipment provider’s stock.

Edap Tms Stock Performance

Shares of EDAP stock opened at $2.59 on Monday. 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 52 week low of $2.00 and a 52 week high of $8.50. The stock has a market capitalization of $96.10 million, a PE ratio of -3.98 and a beta of 0.36. The firm has a 50 day moving average of $2.36 and a two-hundred day moving average of $2.71.

Institutional Investors Weigh In On Edap Tms

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkman Healthcare Partners LLC acquired a new position in Edap Tms in the third quarter valued at $395,000. Jane Street Group LLC boosted its holdings 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 valued at $69,000 after acquiring an additional 73,361 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Edap Tms by 48.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock worth $355,000 after buying an additional 52,500 shares in the last quarter. Millennium Management LLC boosted its holdings in 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 buying an additional 33,558 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Edap Tms by 111.5% during the fourth quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock worth $108,000 after buying an additional 25,650 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

About Edap Tms

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.