According to Zacks, “EDAP TMS S.A. develops, produces, markets and distributes minimally invasive medical devices, primarily for the treatment of urological diseases. They currently produce and market devices for treatment of benign prostate hyperplasia and urinary tract stones. They are also developing a third range of products for minimally invasive destruction of certain types of tumors. “
EDAP has been the topic of a number of other research reports. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. TheStreet downgraded shares of Timkensteel from a “c-” rating to a “d+” rating in a research note on Monday, June 17th. Finally, HC Wainwright set a $4.00 target price on shares of Uranium Energy and gave the company a “buy” rating in a research note on Tuesday, June 11th.
Edap Tms (NASDAQ:EDAP) last issued its earnings results on Wednesday, May 15th. The medical equipment provider reported $0.01 earnings per share for the quarter, hitting the Zacks’ 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. Equities analysts forecast that Edap Tms will post 0.08 EPS for the current year.
A hedge fund recently raised its stake in Edap Tms stock. Fosun International Ltd increased its stake in Edap Tms SA (NASDAQ:EDAP) by 45.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,485 shares of the medical equipment provider’s stock after purchasing an additional 114,342 shares during the period. Fosun International Ltd owned 1.25% of Edap Tms worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.
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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