Edap Tms (NASDAQ:EDAP) Lowered to “Sell” at StockNews.com

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

Separately, HC Wainwright reaffirmed a buy rating and issued a $19.00 price target on shares of Edap Tms in a research note on Thursday, August 29th.

Edap Tms Stock Down 1.3 %

Shares of NASDAQ EDAP opened at $3.10 on Tuesday. The firm has a market cap of $115.02 million, a price-to-earnings ratio of -5.63 and a beta of 0.45. The company’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $5.92. The company has a quick ratio of 2.00, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. Edap Tms has a 52-week low of $2.71 and a 52-week high of $8.50.

Hedge Funds Weigh In On Edap Tms

A number of institutional investors and hedge funds have recently bought and sold shares of EDAP. Virtu Financial LLC acquired a new stake in Edap Tms in the 1st quarter valued at about $82,000. Miracle Mile Advisors LLC acquired a new stake in shares of Edap Tms in the first quarter valued at approximately $136,000. Roubaix Capital LLC purchased a new position in Edap Tms during the first quarter worth approximately $169,000. Finally, Commonwealth Equity Services LLC boosted its stake in Edap Tms by 5.9% during the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after buying an additional 4,000 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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.