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.
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.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2019/04/19/edap-tms-edap-trading-down-7-8.html.
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).
Featured Story: What is a short straddle?
Receive News & Ratings for Edap Tms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edap Tms and related companies with MarketBeat.com's FREE daily email newsletter.