Edap Tms S.A. (NASDAQ:EDAP) Short Interest Down 31.7% in November

Edap Tms S.A. (NASDAQ:EDAP) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 45,900 shares, a decline of 31.7% from the October 31st total of 67,200 shares. Based on an average daily volume of 115,900 shares, the short-interest ratio is presently 0.4 days.

Edap Tms Trading Up 1.2 %

EDAP traded up $0.03 during trading hours on Friday, reaching $2.44. The company’s stock had a trading volume of 61,235 shares, compared to its average volume of 60,401. Edap Tms has a fifty-two week low of $2.27 and a fifty-two week high of $8.50. The stock has a market cap of $90.52 million, a PE ratio of -3.75 and a beta of 0.38. The business’s 50-day moving average is $2.67 and its 200-day moving average is $4.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46.

Edap Tms (NASDAQ:EDAP) last released its quarterly earnings results on Wednesday, August 28th. The medical equipment provider reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $16.97 million for the quarter, compared to analysts’ expectations of $17.16 million. Edap Tms had a negative return on equity of 44.21% and a negative net margin of 34.92%. As a group, equities research analysts predict that Edap Tms will post -0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EDAP shares. HC Wainwright restated a “buy” rating and issued a $19.00 price target on shares of Edap Tms in a research note on Thursday, August 29th. StockNews.com lowered Edap Tms from a “hold” rating to a “sell” rating in a research note on Tuesday.

Institutional Trading of Edap Tms

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Edap Tms in the first quarter valued at $82,000. Redhawk Wealth Advisors Inc. acquired a new stake in Edap Tms in the third quarter valued at $36,000. BNP Paribas Financial Markets increased its position in shares of Edap Tms by 23.7% during the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after purchasing an additional 4,400 shares in the last quarter. Orion Capital Management LLC increased its position in shares of Edap Tms by 10.4% during the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Edap Tms by 5.9% during the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after purchasing an additional 4,000 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Edap Tms Company Profile

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.