ValuEngine cut shares of Edap Tms S.A. (NASDAQ:EDAP) from a hold rating to a sell rating in a report issued on Friday morning.
Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Edap Tms from a strong sell rating to a hold rating in a research note on Wednesday, October 25th. HC Wainwright reiterated a buy rating and issued a $6.50 price objective on shares of Edap Tms in a research note on Monday, October 9th.
Shares of Edap Tms (NASDAQ:EDAP) traded down $0.01 during midday trading on Friday, hitting $2.92. The stock had a trading volume of 26,100 shares, compared to its average volume of 74,368. The firm has a market capitalization of $84.67, a PE ratio of 73.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.35 and a current ratio of 2.96. Edap Tms has a twelve month low of $2.25 and a twelve month high of $3.85.
Edap Tms (NASDAQ:EDAP) last announced its quarterly earnings data on Wednesday, August 23rd. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.00 million. Edap Tms had a negative net margin of 0.27% and a positive return on equity of 10.31%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. sell-side analysts expect that Edap Tms will post -0.04 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in EDAP. Archon Capital Management LLC acquired a new stake in shares of Edap Tms in the second quarter valued at $2,474,000. Essex Investment Management Co. LLC raised its stake in shares of Edap Tms by 520.2% in the third quarter. Essex Investment Management Co. LLC now owns 323,528 shares of the medical equipment provider’s stock valued at $964,000 after acquiring an additional 271,367 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Edap Tms in the second quarter valued at $117,000. Finally, Hilton Capital Management LLC raised its stake in Edap Tms by 43.1% in the second quarter. Hilton Capital Management LLC now owns 83,000 shares of the medical equipment provider’s stock valued at $274,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 10.17% of the company’s stock.
About Edap Tms
EDAP TMS SA (EDAP) is a holding company engaged in developing and marketing the Ablatherm and Focal One devices. The Company operates two divisions: High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) (including lithotripsy activities). The Company is developing HIFU technology for the treatment of certain other types of tumors.
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