HC Wainwright set a $7.00 target price on Edap Tms (NASDAQ:EDAP) in a report issued on Friday, TipRanks reports. The brokerage currently has a buy rating on the medical equipment provider’s stock.

Several other equities research analysts have also issued reports on EDAP. TheStreet raised shares of Edap Tms from a d+ rating to a c- rating in a research report on Thursday, February 14th. ValuEngine raised shares of Edap Tms from a hold rating to a buy rating in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research raised shares of Edap Tms from a hold rating to a strong-buy rating and set a $5.50 price objective for the company in a research report on Tuesday, April 9th.

Shares of EDAP stock opened at $3.41 on Friday. Edap Tms has a one year low of $1.35 and a one year high of $5.42. The company has a quick ratio of 1.97, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The company has a market cap of $98.88 million, a P/E ratio of 170.50 and a beta of 1.90.

Edap Tms (NASDAQ:EDAP) last issued its quarterly earnings results on Wednesday, May 15th. The medical equipment provider reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Edap Tms had a negative net margin of 0.36% and a negative return on equity of 1.13%. The firm had revenue of $11.50 million during the quarter, compared to analyst estimates of $13.25 million. Research analysts anticipate that Edap Tms will post 0.11 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Hilton Capital Management LLC acquired a new stake in shares of Edap Tms in the first quarter worth $75,000. Commonwealth Equity Services LLC increased its position in shares of Edap Tms by 27.0% in the first quarter. Commonwealth Equity Services LLC now owns 23,500 shares of the medical equipment provider’s stock worth $70,000 after acquiring an additional 5,000 shares in the last quarter. Fosun International Ltd increased its position in shares of Edap Tms by 45.9% in the first quarter. Fosun International Ltd now owns 363,485 shares of the medical equipment provider’s stock worth $1,072,000 after acquiring an additional 114,342 shares in the last quarter. Finally, Naples Global Advisors LLC acquired a new stake in shares of Edap Tms in the fourth quarter worth $31,000. 10.07% of the stock is owned by institutional investors.

About Edap Tms

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 worldwide. The company operates in two divisions: High Intensity Focused Ultrasound (HIFU), and Urology Devices and Services (UDS).

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