Edap Tms S.A. (NASDAQ:EDAP) Short Interest Update

by · The Cerbat Gem

Edap Tms S.A. (NASDAQ:EDAP – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 70,600 shares, an increase of 6.5% from the September 15th total of 66,300 shares. Based on an average daily trading volume, of 64,000 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

EDAP has been the subject of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $19.00 price target on shares of Edap Tms in a report on Thursday, August 29th. StockNews.com raised Edap Tms from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th.

Get Our Latest Analysis on EDAP

Edap Tms Price Performance

Shares of EDAP stock traded down $0.02 during trading hours on Wednesday, hitting $2.73. 43,041 shares of the company’s stock were exchanged, compared to its average volume of 45,580. The company has a quick ratio of 1.80, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. The firm has a market cap of $101.29 million, a P/E ratio of -5.06 and a beta of 0.40. The firm has a 50 day moving average of $3.33 and a two-hundred day moving average of $5.10. Edap Tms has a fifty-two week low of $2.45 and a fifty-two week high of $8.50.

Edap Tms (NASDAQ:EDAP – Get Free Report) last announced its earnings results on Wednesday, August 28th. The medical equipment provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $16.97 million for the quarter, compared to analyst estimates of $17.16 million. Edap Tms had a negative return on equity of 36.41% and a negative net margin of 31.68%. Sell-side analysts forecast that Edap Tms will post -0.59 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EDAP. Commonwealth Equity Services LLC raised its stake in Edap Tms by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock valued at $388,000 after purchasing an additional 4,000 shares during the last quarter. Roubaix Capital LLC acquired a new position in Edap Tms in the 1st quarter valued at $169,000. Miracle Mile Advisors LLC acquired a new position in Edap Tms in the 1st quarter valued at $136,000. Redhawk Wealth Advisors Inc. acquired a new position in Edap Tms in the 3rd quarter valued at $36,000. Finally, Virtu Financial LLC acquired a new position in Edap Tms in the 1st quarter valued at $82,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Edap Tms Company Profile

(Get Free Report)

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.

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