Edap Tms (NASDAQ:EDAP) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Edap Tms S.A. (NASDAQ:EDAP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.79 and traded as high as $4.72. Edap Tms shares last traded at $4.52, with a volume of 31,354 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EDAP shares. Jefferies Financial Group reiterated a “hold” rating and set a $2.00 price target on shares of Edap Tms in a research report on Thursday, November 6th. Wall Street Zen raised shares of Edap Tms to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Edap Tms in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Edap Tms currently has a consensus rating of “Hold” and a consensus target price of $8.50.

Edap Tms Stock Down 4.0%

The firm has a market cap of $169.00 million, a P/E ratio of -7.93 and a beta of -0.16. The firm’s 50 day moving average is $3.90 and its two-hundred day moving average is $2.79. The company has a current ratio of 1.41, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04.

Institutional Trading of Edap Tms

A number of large investors have recently made changes to their positions in the company. Financial Planning Navigators CORP acquired a new stake in Edap Tms during the 4th quarter worth $33,000. Kovack Advisors Inc. acquired a new position in Edap Tms in the fourth quarter valued at about $53,000. Sage Mountain Advisors LLC bought a new stake in shares of Edap Tms in the second quarter worth about $165,000. Leonteq Securities AG bought a new stake in shares of Edap Tms in the fourth quarter worth about $313,000. Finally, Rock Springs Capital Management LP raised its position in shares of Edap Tms by 1.3% during the fourth quarter. Rock Springs Capital Management LP now owns 1,286,500 shares of the medical equipment provider’s stock worth $4,233,000 after purchasing an additional 16,500 shares during the period. Institutional investors own 62.74% of the company’s stock.

Edap Tms Company Profile

Edap Tms SA (NASDAQ: EDAP) is a Lyon, France–based medical device company that develops and markets noninvasive therapeutic systems for urological applications. The firm’s core focus lies in high-intensity focused ultrasound (HIFU) for localized prostate tissue ablation and extracorporeal shock-wave lithotripsy for kidney stone fragmentation. Edap Tms’s Ablatherm HIFU platform delivers targeted ultrasound energy to treat prostate cancer without incisions, while its Sonolith line offers pulse-focused shock waves designed to break down urinary calculi.

Since its founding in 1989, Edap Tms has pursued regulatory clearances in multiple markets, including CE marking in Europe and FDA clearance for its HIFU system in the United States.