Edap Tms (NASDAQ:EDAP) Issues Quarterly Earnings Results

Edap Tms (NASDAQ:EDAP) posted its quarterly earnings results on Thursday. The medical equipment provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06, Zacks reports. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%.

Edap Tms Trading Up 12.0 %

EDAP stock traded up $0.25 during trading on Thursday, reaching $2.30. 376,031 shares of the stock were exchanged, compared to its average volume of 85,668. The business has a 50 day moving average price of $2.42 and a 200-day moving average price of $2.52. Edap Tms has a 1 year low of $1.96 and a 1 year high of $8.50. The company has a current ratio of 2.18, a quick ratio of 1.46 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $85.15 million, a price-to-earnings ratio of -3.53 and a beta of 0.37.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Edap Tms in a report on Thursday, March 20th. They issued a “hold” rating for the company.

Edap Tms Company Profile

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.