Edap Tms (NASDAQ:EDAP) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Edap Tms (NASDAQ:EDAP) announced its quarterly earnings data 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. The company had revenue of $22.69 million during the quarter, compared to analyst estimates of $20.83 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%.

Edap Tms Stock Performance

Edap Tms stock opened at $2.22 on Friday. 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 has a 12 month low of $1.96 and a 12 month high of $8.50. The company has a fifty day moving average price of $2.42 and a two-hundred day moving average price of $2.51. The company has a market cap of $82.37 million, a PE ratio of -3.42 and a beta of 0.37.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Edap Tms in a research note on Friday. They issued a “hold” rating for the company.

About Edap Tms

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.