Edap Tms (EDAP) Trading Down 7.8%

Shares of Edap Tms SA (NASDAQ:EDAP) dropped 7.8% on Wednesday . The stock traded as low as $4.40 and last traded at $4.73. Approximately 773,067 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 552,931 shares. The stock had previously closed at $5.13.

EDAP has been the topic of several recent research reports. ValuEngine downgraded Edap Tms from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Edap Tms from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Thursday, January 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Edap Tms in a research report on Wednesday, April 3rd. Finally, TheStreet raised Edap Tms from a “d+” rating to a “c-” rating in a research report on Thursday, February 14th.

The stock has a market cap of $137.46 million, a PE ratio of 237.00 and a beta of 1.60.

Edap Tms (NASDAQ:EDAP) last released its quarterly earnings data on Monday, April 1st. The medical equipment provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $15.11 million for the quarter, compared to analysts’ expectations of $11.74 million. Edap Tms had a positive return on equity of 3.77% and a negative net margin of 0.93%. Equities research analysts expect that Edap Tms SA will post 0.11 EPS for the current fiscal year.

An institutional investor recently bought a new position in Edap Tms stock. Naples Global Advisors LLC purchased a new stake in shares of Edap Tms SA (NASDAQ:EDAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,500 shares of the medical equipment provider’s stock, valued at approximately $31,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

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Edap Tms Company Profile (NASDAQ:EDAP)

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 worldwide. The company operates in two divisions: High Intensity Focused Ultrasound (HIFU), and Urology Devices and Services (UDS).

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