HC Wainwright Reiterates Buy Rating for Edap Tms S.A. (EDAP)
Edap Tms S.A. (NASDAQ:EDAP)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a report issued on Monday. They currently have a $6.50 target price on the medical equipment provider’s stock. HC Wainwright’s price objective suggests a potential upside of 101.86% from the stock’s previous close.
Several other equities research analysts also recently issued reports on EDAP. Zacks Investment Research downgraded shares of Edap Tms from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine downgraded shares of Edap Tms from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
Edap Tms (EDAP) traded down 0.93% during trading on Monday, hitting $3.19. The stock had a trading volume of 141,023 shares. Edap Tms has a 12-month low of $2.25 and a 12-month high of $3.85. The stock has a 50 day moving average price of $2.94 and a 200 day moving average price of $2.91. The company’s market capitalization is $92.50 million.
Edap Tms (NASDAQ:EDAP) last issued its earnings results on Wednesday, August 23rd. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Edap Tms had a negative net margin of 0.27% and a positive return on equity of 10.31%. The firm had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.00 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts forecast that Edap Tms will post $0.01 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Archon Capital Management LLC acquired a new stake in Edap Tms during the second quarter worth approximately $2,474,000. Virtu KCG Holdings LLC acquired a new stake in Edap Tms during the second quarter worth approximately $117,000. Hilton Capital Management LLC lifted its position in Edap Tms by 43.1% during the second quarter. Hilton Capital Management LLC now owns 83,000 shares of the medical equipment provider’s stock worth $274,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Edap Tms during the second quarter worth approximately $172,000. Hedge funds and other institutional investors own 9.41% of the company’s stock.
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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