ValuEngine upgraded shares of Edap Tms S.A. (NASDAQ:EDAP) from a sell rating to a hold rating in a report issued on Friday.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Edap Tms from a hold rating to a strong sell rating in a report on Tuesday, August 29th. HC Wainwright reissued a buy rating and issued a $6.50 price objective on shares of Edap Tms in a report on Friday, August 25th.

Edap Tms (NASDAQ EDAP) opened at 3.188 on Friday. The firm’s 50-day moving average is $2.95 and its 200-day moving average is $2.92. The stock’s market capitalization is $92.44 million. Edap Tms has a 52-week low of $2.25 and a 52-week high of $3.85.

Edap Tms (NASDAQ:EDAP) last posted its quarterly earnings data on Wednesday, August 23rd. The medical equipment provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The firm had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.00 million. Edap Tms had a negative net margin of 0.27% and a positive return on equity of 10.31%. Edap Tms’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts predict that Edap Tms will post $0.01 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the company. Virtu KCG Holdings LLC acquired a new stake in shares of Edap Tms in the second quarter valued at approximately $117,000. Essex Investment Management Co. LLC acquired a new stake in shares of Edap Tms in the second quarter valued at approximately $172,000. Hilton Capital Management LLC boosted its holdings in shares of Edap Tms by 43.1% in the second quarter. Hilton Capital Management LLC now owns 83,000 shares of the medical equipment provider’s stock valued at $274,000 after acquiring an additional 25,000 shares during the period. Finally, Archon Capital Management LLC acquired a new stake in shares of Edap Tms in the second quarter valued at approximately $2,474,000. 9.41% of the stock is owned by institutional investors and hedge funds.

Edap Tms Company Profile

EDAP TMS SA (EDAP) is a holding company engaged in developing and marketing the Ablatherm and Focal One devices. The Company operates two divisions: High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) (including lithotripsy activities). The Company is developing HIFU technology for the treatment of certain other types of tumors.

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