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

StockNews.com downgraded shares of Edap Tms (NASDAQ:EDAP) from a hold rating to a sell rating in a report released on Friday.

Separately, HC Wainwright raised their price objective on shares of Edap Tms from $16.00 to $19.00 and gave the stock a buy rating in a research report on Monday, April 1st.

Edap Tms Trading Down 2.7 %

Shares of Edap Tms stock traded down $0.20 on Friday, hitting $7.14. The stock had a trading volume of 30,482 shares, compared to its average volume of 35,174. The firm has a market capitalization of $264.89 million, a P/E ratio of -11.33 and a beta of 0.65. The stock has a 50 day moving average of $7.34 and a 200 day moving average of $6.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 2.84. Edap Tms has a twelve month low of $3.60 and a twelve month high of $12.23.

Edap Tms (NASDAQ:EDAP) last released its earnings results on Wednesday, March 27th. The medical equipment provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). The firm had revenue of $21.27 million for the quarter, compared to analyst estimates of $21.30 million. Edap Tms had a negative net margin of 35.03% and a negative return on equity of 34.33%. Sell-side analysts expect that Edap Tms will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Edap Tms

A number of large investors have recently modified their holdings of the company. Milestone Investment Advisors LLC bought a new position in shares of Edap Tms in the 3rd quarter worth $39,000. Summit Trail Advisors LLC bought a new position in shares of Edap Tms in the 3rd quarter worth $77,000. Miracle Mile Advisors LLC bought a new position in shares of Edap Tms in the 1st quarter worth $136,000. Finally, Rock Springs Capital Management LP lifted its stake in Edap Tms by 14.6% during the 3rd quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider’s stock valued at $9,547,000 after acquiring an additional 173,700 shares in the last quarter. 62.74% of the stock is currently 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.