Edap Tms (NASDAQ:EDAP) Rating Increased to Hold at StockNews.com

Edap Tms (NASDAQ:EDAP) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, HC Wainwright boosted their target price on Edap Tms from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, April 1st.

Edap Tms Trading Down 3.4 %

Shares of Edap Tms stock opened at $7.57 on Thursday. The stock has a market cap of $279.41 million, a P/E ratio of -12.02 and a beta of 0.74. The stock’s 50 day simple moving average is $7.03 and its 200-day simple moving average is $6.25. Edap Tms has a 1-year low of $3.60 and a 1-year high of $12.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDAP. JPMorgan Chase & Co. acquired a new position in Edap Tms in the first quarter valued at approximately $60,000. HighTower Advisors LLC acquired a new position in Edap Tms during the first quarter worth $185,000. Envestnet Asset Management Inc. acquired a new position in Edap Tms during the second quarter worth $80,000. Jane Street Group LLC acquired a new position in Edap Tms during the second quarter worth $86,000. Finally, Royal Bank of Canada lifted its stake in Edap Tms by 136.4% during the third quarter. Royal Bank of Canada now owns 13,000 shares of the medical equipment provider’s stock worth $107,000 after purchasing an additional 7,500 shares in 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. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST).