Edap Tms (NASDAQ:EDAP) Share Price Passes Above 200 Day Moving Average of $6.29

Edap Tms S.A. (NASDAQ:EDAP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.29 and traded as high as $7.34. Edap Tms shares last traded at $7.28, with a volume of 63,516 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on EDAP shares. StockNews.com cut shares of Edap Tms from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. HC Wainwright raised their target price on shares of Edap Tms from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 1st.

Edap Tms Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 2.84. The business’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $6.28. The firm has a market capitalization of $270.09 million, a PE ratio of -11.56 and a beta of 0.74.

Edap Tms (NASDAQ:EDAP) last announced its quarterly earnings data on Wednesday, March 27th. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). Edap Tms had a negative net margin of 35.03% and a negative return on equity of 34.33%. The company had revenue of $21.27 million for the quarter, compared to analysts’ expectations of $21.30 million. As a group, equities research analysts expect that Edap Tms S.A. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Edap Tms

Institutional investors have recently added to or reduced their stakes in the stock. Milestone Investment Advisors LLC purchased a new stake in Edap Tms during the 3rd quarter valued at approximately $39,000. Summit Trail Advisors LLC purchased a new stake in Edap Tms during the 3rd quarter valued at approximately $77,000. Miracle Mile Advisors LLC purchased a new stake in Edap Tms during the 1st quarter valued at approximately $136,000. Finally, Rock Springs Capital Management LP grew its holdings in shares of Edap Tms by 14.6% in the third quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider’s stock valued at $9,547,000 after purchasing an additional 173,700 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

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 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.