According to Zacks, “EDAP TMS S.A. develops, produces, markets and distributes minimally invasive medical devices, primarily for the treatment of urological diseases. They currently produce and market devices for treatment of benign prostate hyperplasia and urinary tract stones. They are also developing a third range of products for minimally invasive destruction of certain types of tumors. “
Several other equities analysts have also recently weighed in on the stock. ValuEngine raised shares of YY from a sell rating to a hold rating in a research report on Friday, June 7th. HC Wainwright set a $4.00 target price on shares of Uranium Energy and gave the stock a buy rating in a research report on Tuesday, June 11th. Finally, TheStreet cut shares of Timkensteel from a c- rating to a d+ rating in a research report on Monday, June 17th.
Edap Tms (NASDAQ:EDAP) last announced its quarterly earnings results on Wednesday, May 15th. The medical equipment provider reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Edap Tms had a negative net margin of 0.36% and a negative return on equity of 1.13%. The business had revenue of $11.50 million for the quarter, compared to analysts’ expectations of $13.25 million. On average, research analysts anticipate that Edap Tms will post 0.08 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Edap Tms stock. Hilton Capital Management LLC purchased a new position in Edap Tms SA (NASDAQ:EDAP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,000 shares of the medical equipment provider’s stock, valued at approximately $75,000. Hilton Capital Management LLC owned 0.09% of Edap Tms at the end of the most recent quarter.
About Edap Tms
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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