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

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

Edap Tms Stock Down 3.9 %

NASDAQ EDAP opened at $2.19 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.46 and a debt-to-equity ratio of 0.08. Edap Tms has a 1-year low of $2.00 and a 1-year high of $8.50. The company has a 50 day moving average of $2.42 and a 200-day moving average of $2.54. The company has a market cap of $81.26 million, a price-to-earnings ratio of -3.37 and a beta of 0.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EDAP. Illumine Investment Management LLC acquired a new position in Edap Tms during the fourth quarter valued at approximately $50,000. BNP Paribas Financial Markets raised its position in 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 valued at $59,000 after purchasing an additional 4,400 shares in the last quarter. Jane Street Group LLC raised its position in Edap Tms by 174.7% during the fourth quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock valued at $69,000 after purchasing an additional 73,361 shares in the last quarter. Millennium Management LLC raised its position 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 valued at $108,000 after purchasing an additional 33,558 shares in the last quarter. Finally, Orion Capital Management LLC raised 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 purchasing an additional 6,600 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.