Edap Tms (EDAP) Issues Earnings Results, Meets Expectations
Edap Tms (NASDAQ:EDAP) issued its earnings results on Wednesday. The medical equipment provider reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, Morningstar.com reports. Edap Tms had a positive return on equity of 2.51% and a negative net margin of 0.93%. The business had revenue of $11.50 million during the quarter, compared to analyst estimates of $13.25 million.
EDAP traded down $0.77 during midday trading on Thursday, reaching $3.78. 3,292 shares of the company were exchanged, compared to its average volume of 197,238. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.97 and a current ratio of 2.40. The firm has a market capitalization of $129.62 million, a P/E ratio of 190.00 and a beta of 1.90. Edap Tms has a one year low of $1.35 and a one year high of $5.42.
Institutional investors and hedge funds have recently modified their holdings of the business. Naples Global Advisors LLC bought a new stake in Edap Tms during the 4th quarter worth approximately $31,000. Commonwealth Equity Services LLC increased its holdings in Edap Tms by 27.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 23,500 shares of the medical equipment provider’s stock worth $70,000 after purchasing an additional 5,000 shares in the last quarter. Hilton Capital Management LLC bought a new stake in Edap Tms during the 1st quarter worth approximately $75,000. Finally, Fosun International Ltd increased its holdings in Edap Tms by 46.0% during the 4th quarter. Fosun International Ltd now owns 249,143 shares of the medical equipment provider’s stock worth $421,000 after purchasing an additional 78,516 shares in the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.
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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 worldwide. The company operates in two divisions: High Intensity Focused Ultrasound (HIFU), and Urology Devices and Services (UDS).
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